Market & RegulationInvestment · $1.4T
Anthropic targets $1.4 trillion IPO valuation
The Verge AIhigh confidence
Why it matters
- →Establishes a new public market benchmark for frontier AI model labs.
- →Signals intense valuation competition between Anthropic and OpenAI.
- →Reflects market correction from earlier $2 trillion expectations due to regulatory and safety concerns.
Anthropic has confirmed its initial public offering price range between $70 and $78 per share, targeting a valuation of up to $1.4 trillion. The company plans to list on the Nasdaq under the ticker symbol 'ANT,' with trading expected to begin next week. This valuation is lower than previous estimates of $2 trillion, reflecting market adjustments amid concerns over AI safety and infrastructure costs. The IPO positions Anthropic as a major public entity alongside rivals like OpenAI, which was recently valued at $1.25 trillion.
Read originalThe story around this
Earlier coverage that leads up to this article, and what followed. Lines connect each piece to the closest one after it, converging here.
How we got here
- 1Anthropic Proposes $30 Trillion AI Market
The AI Daily Brief · August 29, 2026 · Same story
- 2Anthropic IPO prospectus reveals $8B loss and existential risk warnings
TechCrunch AI · September 29, 2026 · Same story
- 3Anthropic IPO filing reveals $42B loss and AI risk warnings
The Verge AI · September 29, 2026 · Same story
- 4Oura delays IPO; Anthropic reveals massive AI infrastructure costs
Crunchbase News · September 29, 2026 · Same story
- 5Anthropic Delays IPO Amid Valuation and Safety Concerns
Crunchbase News · October 22, 2026 · Same story
- 6Anthropic files IPO at $1.5T valuation
MIT Technology Review AI · October 26, 2026 · Same story
- 7Anthropic files S-1 for $1.5T-$2T IPO
The Verge AI · October 29, 2026 · Same story
- 8AI spending stalls as Anthropic valuation drops to $1.3T
TechCrunch AI · November 6, 2026 · Same story
Follow this story
Open the full story →OpenAI raises $11B at $1.25T valuation
8 developments
- Nov 6 · TechCrunch AI
OpenAI raises $11B at $1.25T valuation - Nov 6 · The Verge AI
OpenAI Valued at $1.25 Trillion in New Funding Round - Nov 10 · TechCrunch AI
Anthropic advances IPO plans amid market volatility↳ Anthropic targets a scaled-back IPO valuation this week amid market volatility and corporate controversy. - Nov 10 · TechCrunch AI
Anthropic sets $70-$78 IPO price range - Nov 10 · The Verge AI
Anthropic targets $1.4 trillion IPO valuation (This article) - Nov 10 · The AI Daily Brief
Anthropic and OpenAI Valuations Decline Amid Market Shifts↳ Both Anthropic and OpenAI valuations have declined amid broader market corrections in the AI sector. - Nov 10 · Crunchbase News
Anthropic Files for Record $88.5B IPO - Nov 12 · The AI Daily Brief
Anthropic IPO Imminent Amid Valuation Uncertainty↳ Analysts debate Anthropic's valuation as its IPO approaches in days.
More from The Verge AI
© The Verge AIGeneral AIother
AI agent 'discovery' of Maya site debunked
A Google researcher’s claim that AI agents found a new Maya site collapsed when experts pointed out it was already documented in academic literature. The incident exposes a critical blind spot: autonomous systems lack the contextual knowledge to verify findings against existing research, leading to false positives and wasted expert time. While the agent successfully processed lidar data, it failed to cross-reference its output with known records, highlighting that automation without domain expertise is prone to error. This serves as a cautionary tale for using AI in scientific discovery, where verification requires more than just pattern recognition.
The Verge AI
© The Verge AIGeneral AIother
AI chatbots frequently recommend fake retail sites
A new study reveals that major AI assistants are actively directing shoppers to counterfeit and phishing websites, with Perplexity leading at 15% risky link rates. This isn't just a hallucination quirk; it's a tangible security threat where models confidently endorse impersonators for brands like Lululemon and Birkenstock. While Google’s Gemini performed best by limiting risky outputs to 4%, the fact that these tools are becoming primary shopping assistants makes this reliability gap critical. Consumers can no longer treat AI search results as verified sources without manual cross-checking.
The Verge AI
© The Verge AIMarket & Regulationother
GDC Survey: 40% of Game Devs Use Generative AI
The GDC survey reveals a quiet but decisive shift in game development workflows. Forty percent of developers now use generative AI as part of their job, up from 36 percent last year. The adoption is heavily skewed toward free-to-play and mobile studios, where usage hits 58 and 70 percent respectively. While concept art remains niche at 22 percent, code generation and debugging have become standard tools for over half the industry. This data confirms AI has moved from experimental novelty to essential infrastructure in modern game production.
The Verge AI
More in Market & Regulation
© TechCrunch AIMarket & Regulationbusiness
Nebius delays data centers, cuts revenue forecast
Nebius is facing the harsh reality of scaling AI infrastructure: even with $40 billion in planned spending and massive prepayments from Microsoft and Meta, physical construction delays are derailing timelines. A key New Jersey site is months behind schedule due to regulatory fines and generator issues, forcing a shift in delivery dates to 2027. This isn't just a logistical hiccup; it signals that the 'neocloud' model of financing builds with customer cash is fragile when third-party operators fail. The market reacted swiftly, dropping shares by 17% after Nebius cut its 2026 revenue forecast, proving that hype cannot override concrete capacity.
TechCrunch AI
© MIT Technology Review AIMarket & Regulationother
Nvidia privately confirms chip tracking feasibility
Nvidia has privately assured lawmakers that it can technically implement geotracking for its AI chips, contradicting public industry claims that such measures are infeasible. This admission comes amid a smuggling scandal involving Jensen Huang and Megaspeed, pushing the US government toward mandatory location verification via the Chip Security Act. While current tools like Fleet Intelligence already monitor data center locations, this private confirmation suggests Nvidia possesses the underlying capability to enforce stricter export controls if mandated.
MIT Technology Review AI
© TechCrunch AIMarket & Regulationagents
United Airlines blocks AI agents from booking flights
United Airlines is actively blocking third-party AI agents from accessing its booking systems, marking a significant shift in how legacy infrastructure handles autonomous software. The airline cites cybersecurity risks from shared credentials and potential violations of federal aviation rules requiring human check-ins. This move aligns with similar warnings from major banks like Bank of America, signaling that critical industries are drawing hard lines around where human oversight is legally required. It effectively kills the dream of fully autonomous travel booking for now, forcing a re-evaluation of agent integration in regulated sectors.
TechCrunch AI