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00:02Some Anthropic investors are considering a lower valuation for the artificial intelligence company
00:07ahead of its November 1 PO, according to Reuters.
00:10Following Wednesday's investor meeting, some discussed a valuation of around $1.5 trillion,
00:15down from previous expectations of roughly $2 trillion.
00:18Anthropic reported third-quarter revenue of $16.8 billion, up 45% from the previous quarter,
00:24and said it was profitable on an adjusted basis.
00:27However, some investors expressed disappointment over slowing quarterly revenue growth.
00:32The concerns come amid a broader technology sell-off
00:34and growing worries about the cost of financing AI infrastructure.
00:38Anthropic has committed to spending at least $518 billion over the next decade
00:42on cloud services, computing, and infrastructure.
00:45For all things money, visit Benzinga.com.
