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Source:
CNN
Turmoil cools IPO fervor
A sharp Wall Street sell-off on Thursday, driven by fears of slowing AI investment, has raised questions about Anthropic’s planned IPO this month at a roughly $1.5 trillion valuation. The Nasdaq lost $2.5 trillion in value, while prediction-market odds of the IPO taking place this month fell from above 90% to 60%. Investors and analysts say Anthropic may need to lower its valuation as political opposition to data-center construction grows and the company faces nearly $900 billion in planned spending on computing power and data centers.
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