Anthropic IPO valuation drops to $1 tn as US AI bubble nears burst

Anthropic’s IPO is facing headwinds, with investors reportedly expecting a valuation of around $1 trillion, significantly below its earlier $2 trillion target. The company could eventually be valued at about $1.5 trillion. The development comes as concerns grow that the US AI bubble could burst after a tech stock meltdown wiped out $2 trillion from Nasdaq's market value in October.