Anthropic's $1 trillion IPO could land as soon as next week

The launch lands days before an IPO that CNBC reports could come as soon as next week, with Anthropic seeking a valuation between $1 trillion and $1.5 trillion, down from a floated $2 trillion. An amended prospectus puts revenue for the nine months ended September 30 at $33.24 billion, roughly 1,200% more than a year earlier.

Reuters reported Anthropic circulated details of a potential $69.3 billion IPO to bankers, then retracted them. The release is Anthropic's first frontier launch since CEO Dario Amodei's September essay calling for the industry to slow the pace of capability gains.