Anthropic may be the first casualty of US midterm elections, investors see IPO valuation drop from $2 trillion to ….

American voters made their frustration with tech billionaires and artificial intelligence (AI) clear at the ballot box this week. Now, Anthropic is walking straight into that headwind as it prepares to go public. According to a report, the AI company is gearing up for a potentially historic Nasdaq debut, likely aiming for mid-November. According to a CNBC report, Anthropic investors expect the company to target a valuation between $1 trillion and $1.5 trillion, which is essentially a noticeable step down from the $2 trillion figure floated in recent months.

Wall Street turn cold on AI