Anthropic targets $1.4 trillion IPO

Anthropic has announced an initial public offering (IPO) that could rank among the largest in history, with shares expected to price between $70.00 and $78.00 each. Originally anticipated to reach a valuation of up to $2 trillion, the IPO now targets a lower figure, though still substantial at $1.4 trillion. Trading is expected to commence the following week. This development comes as Anthropic's competitor, OpenAI, holds a valuation of $1.25 trillion. Further details can be found in The Verge's full report.