Anthropic's IPO valuation expectations drop from $2 trillion to $1.5 trillion

On October 16, Anthropic's upcoming IPO is being priced at a $1.5 trillion valuation by some investors, down 25% from the previously expected $2 trillion. According to Anthropic's Q3 earnings report, revenue reached $16.8 billion, up 45% quarter-over-quarter, though growth has notably decelerated compared to Q2 when revenue more than doubled. The company also disclosed that it achieved adjusted profitability this quarter. (Reuters)