Anthropic targets $1.4T IPO valuation despite $17B revenue, heavy losses

Anthropic, creator of AI model Claude, is reportedly seeking a $1.4 trillion valuation for its IPO, despite quarterly revenue of $17 billion and ongoing unprofitability. The company projects massive expenses of $900 billion by 2045, raising sustainability concerns. The valuation implies extreme growth expectations, and the IPO's success will test investor appetite for AI names with heavy capital needs.

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