Reports indicate Anthropic is advancing its IPO, with plans to list next Thursday or Friday.

According to The Wall Street Journal, Anthropic will set its valuation range this week and plan to begin trading next Thursday or Friday. Some institutional investors are pushing for a valuation below the $1.5 trillion target discussed last week, which is already lower than the $2 trillion rumored months ago. The report also notes that its main competitor, OpenAI, was valued at approximately $1.25 trillion after raising $11 billion last week, below its initial fundraising goal of $20 billion.