Anthropic eyes $1.4 trillion IPO valuation in major test of AI investor appetite

Anthropic’s blockbuster IPO will value the Claude chatbot creator at up to $1.4 trillion, slightly short of some investors’ expectations, setting up a key test of Wall Street’s faith in the AI boom it helped ignite.

The company is kicking off the roadshow for a share sale expected to set a benchmark for the sector, following years of hype that fueled a massive influx of capital into AI companies and sent the US stock market to all-time highs.