Tech sell-off weighs on Anthropic IPO valuation expectations, with institutions advising a cut to $1.5T–$1.6T

Hit by last week's tech rout and doubts over AI returns on investment, institutional investors have told Anthropic and its advisors that its valuation for an IPO later this month should be lowered to between $1.5 trillion and $1.6 trillion, down from the nearly $2 trillion previously discussed in the market.