Anthropic's $1 Trillion AI IPO Faces Major Challenges
Anthropic, an AI startup valued at $1 trillion in five years, is preparing for a record IPO. The San Francisco-based company warns of risks including rivals catching up, falling prices, and rising costs. Its revenue depends almost entirely on AI tools, lacking advertising or cloud businesses. Growth slowed from 145% to 45% quarter-on-quarter, cooling valuation expectations from $2 trillion to $1.5 trillion.
ET Tech··San Francisco



