first OpenAI took a valuation haircut, and now Anthropic is getting the same treatment Anthropic’s prospective ipo investors are discussing $1.2–1.3 trillion, down from $1.4–1.5 trillion (and earlier ~$2T speculation). the appetite is still there, but investors want a price that better reflects the risks, which makes October’s revenue figure, left blank in its updated ipo filing, especially interesting investors are basically waiting to see whether growth picked up after a slowdown, because funding the next expansion gets harder when there are doubts about how quickly customer spending can catch up that makes me wonder whether a model 4 release, paired with strong revenue numbers, could change the calculation again and give investors a reason to rethink what they’re willing to pay