Anthropic targets $1 trillion IPO valuation, plans nearly $90 billion fundraising

Anthropic is targeting a $1 trillion valuation through its upcoming IPO alongside a private placement, intending to issue 825 million shares at a price range of $70 to $78 each. Significant backing comes from seven major tech firms, investing a combined $26 billion. This initiative reflects the strong connection between AI developers and the semiconductor sector, with Anthropic’s revenue run-rate soaring to about $81 billion, indicative of its swift expansion.