Anthropic Faces Investor Doubts on $2 Trillion IPO Plan as Revenue Growth Slows

Anthropic's path to one of the largest technology IPOs on record hit a speed bump this week as the artificial intelligence company disclosed disappointing revenue growth numbers that have prompted some prospective investors to question a $2 trillion valuation. At a private meeting on October 14, Anthropic revealed that its third-quarter revenue climbed 45 percent to $16.8 billion, but the deceleration from a doubling of revenue between the first and second quarters has sparked concern about the sustainability of the company's valuation ahead of its planned November public debut.