Anthropic IPO valuation expectations drop from $2 trillion to $1.5 trillion

BlockBeats news, October 16 — Some investors are considering valuing Anthropic's upcoming IPO at $1.5 trillion, a 25% decline from the earlier $2 trillion expectation.

Anthropic reported third-quarter revenue of $16.8 billion, up 45% quarter-over-quarter, but growth slowed sharply after revenue more than doubled in the second quarter. The company also reported adjusted profitability for the quarter. (Reuters)