Institutional investors preparing to purchase shares in artificial intelligence company Anthropic's planned initial public offering (IPO) are advocating for a more measured valuation. These investors are reportedly pushing for a valuation closer to $1.5 trillion, according to insights from The Wall Street Journal.
This cautious approach comes in the wake of a recent downturn in the technology stock market. The broader selloff has apparently made potential shareholders of Anthropic more risk-averse, prompting them to seek a valuation that reflects the current economic climate and market sentiment.