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Anthropic eyes $1 trillion valuation in upcoming IPO and private placement

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Anthropic is aiming for a $1 trillion valuation through a planned initial public offering paired with a private placement. The company intends to sell 825 million shares priced between $70 and $78 each. Seven large technology companies are together contributing $26 billion to the effort. The company's annualized revenue has reached roughly $81 billion, reflecting rapid growth, and the deal highlights the close ties between AI developers and the semiconductor industry.

Read the full story at Times of India

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