Reports indicate Anthropic is still moving forward with its IPO: raising between $80 billion and $100 billion expected; valuation expectations have receded.

According to The Financial Times, Anthropic is still moving forward with its IPO before Thanksgiving. It expects to raise between $80 billion and $100 billion, targeting a valuation of $1.25 trillion to $1.75 trillion. CEO Sam Altman has accepted a valuation lower than what investors previously expected. The selling off of tech stocks and the outcome of the US midterm elections are increasing the difficulty of listing. OpenAI has also lowered its private equity valuation from $1.4 trillion to $1.25 trillion. Seven co-founders have committed to donating 80% of their personal equity holdings to charity.