Anthropic targets valuation of up to $1.4 trillion

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Anthropic's stock market debut is being seen as a gauge of how long the AI spending boom lifting the US economy can last (ANDREJ IVANOV) Anthropic plans to raise up to $64 billion in its upcoming initial public offering, the artificial intelligence giant said in a filing Tuesday, in a listing that could value the company at up to $1.4 trillion. The stock market debut will be the first by one of the leading AI model developers and is being seen as a gauge of how long the AI spending boom lifting the US economy can last. The maker of the Claude AI models said in a filing with the US Securities and Exchange Commission that it aims to sell 825 million shares at between $70 and $78 each. The shares will trade under the ticker "ANT.