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Americans were unequivocal at the ballot box this week as they expressed disdain for tech billionaires and mistrust of artificial intelligence. With that backdrop, Anthropic is about to try to go public. The AI company is gearing up for a potentially historic IPO, likely targeting mid-November for its Nasdaq debut. CNBC reported on Friday that Anthropic investors see the company aiming for a valuation of $1 trillion to $1.5 trillion, down from a target of $2 trillion that had been floated in recent months. From Wall Street to Main Street, it's becoming a tougher environment for Anthropic. The Nasdaq on Thursday suffered its steepest drop in 19 months, and it's down to start November after October marked its worst month since March 2025.
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