Anthropic CEO on IPO: Doesn't care about listing month or market conditions, emphasizes 'under-promise, over-deliver'

Beating AI News Flash: Anthropic CEO Dario Amodei said during a fireside chat with CEO Jamie Dimon at JPMorgan's New York headquarters on Friday that the company does not particularly care about which month it lists or under what market conditions, and emphasized that Anthropic wants to adopt a "under-promise, over-deliver" strategy.

Amodei said he agrees with the advice that the company's valuation should not be even $1 higher than its true value. Against the backdrop of recent sharp volatility in the AI sector and pressure on tech stock valuations, Anthropic is maintaining caution on IPO pricing.

According to reports, Anthropic currently targets a valuation of about $1.33 trillion or more, plans to issue 825 million shares at $70 to $78 per share, and based on the midpoint of the offering range, the fundraising size will exceed $61 billion. In addition, investors including Google also plan to invest about $26 billion through private placements.

Amodei also acknowledged that computing power investment is the "deepest business challenge" facing the company, and that massive spending on computing resources continues to put pressure on the company's finances.