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Anthropic IPO valuation talks drop to $1.3T

Anthropic's planned initial public offering — which could be the first for a frontier AI model developer — is being repriced in real time. Prospective investors are now discussing a valuation of $1.2 trillion to $1.3 trillion, down from the $1.4 trillion to $1.5 trillion range communicated to bankers just days earlier, and far below