Anthropic may need to cut IPO ambitions as investors balk: report

Anthropic may have to accept a lower valuation than the $1.5 trillion it had been targeting for its stock market debut, after a sharp tech sell-off spooked key investors, the Wall Street Journal reported Thursday.

The artificial intelligence company is aiming to hold its initial public offering the week of November 16 and had been expected to raise up to $100 billion, which would make it the largest IPO on record.

The listing comes amid growing nervousness among investors about the huge sums being poured into AI.