Reuters: Anthropic IPO Investors Push Valuation Down to $1.5T From $2T Over Q3 Growth Slowdown

Reuters reports that investors who attended Anthropic's SF investor day on Wednesday are discussing a $1.5T IPO valuation for the November share sale, down from the roughly $2T previously expected. The reset follows disclosures that Q3 revenue grew 45% to $16.8B — slower sequentially than Q2's near-doubling to $11.6B. Anthropic lost more than $8B operating last year and has committed $518B+ over a decade for cloud and compute.