From BBC News · · 1m
Anthropic valued at $1.3tn for Nasdaq debut
The AI company behind Claude chatbot will list shares this month at a lower valuation than some backers predicted, amid wider concerns about AI spending.
In brief
The AI company behind Claude chatbot will list shares this month at a lower valuation than some backers predicted, amid wider concerns about AI spending. Anthropic will list on Nasdaq this month at a valuation of up to one point three trillion dollars, below the two trillion some predicted, as AI sector volatility…
Anthropic sets share price for Nasdaq listing
Anthropic, the AI company behind Claude chatbot, will offer shares between seventy and seventy eight dollars each when it lists on New York's Nasdaq stock exchange this month.
Valuation falls short of earlier predictions
The listing values Anthropic at between one point one trillion and one point three trillion dollars, below the two trillion some backers predicted in summer, according to the Financial Times.
Losses mount despite revenue surge
Anthropic's revenues jumped to sixteen point two billion dollars from one point one billion in the same six month period last year, but its pre-tax loss jumped to eighty point seven billion from twelve point…
The bottom line
Anthropic will list on Nasdaq this month at a valuation of up to one point three trillion dollars, below the two trillion some predicted, as AI sector volatility grows.
