Anthropic cuts valuation to $1.4tn after AI sell-off

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Anthropic chief Dario Amodei is targeting a valuation of $1.4tn after a brutal stock market downturn - Reuters/Bhawika Chhabra Anthropic is targeting a valuation up to $1.4tn (£1tn) in its upcoming stock market offering, sharply down from earlier forecasts after a global AI sell-off. The US tech giant's prospective valuation is now dramatically lower than the $2tn some investors had expected just weeks ago, before a rout of AI stocks wiped trillions from American markets. The Claude developer said it would raise up to $90bn as part of the deal, selling shares for between $70 and $78 in a listing expected in the next few days. It confirmed its proposed offer price as part of an investor roadshow on Tuesday ahead of its listing.