Sources: some Anthropic investors discussed a ~$1.5T valuation for its IPO, down from ~$2T they had expected, after disclosures showed slowing Q3 revenue growth
THE SO WHAT
A reset from ~$2T to ~$1.5T on slowing Q3 growth says the market is still paying for AI option value, but is now reading revenue quality and trajectory more closely. If you’re raising on an AI story, expect more diligence on unit economics and less tolerance for “grow at any cost” curves.
READ THE SOURCE
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