Anthropic IPO valuation expectations drop from $2T to $1.5T as growth slows
GaryMarcus · x · 2026-10-16
Reuters exclusive: investors now consider a $1.5 trillion valuation for Anthropic's upcoming IPO, down 25% from earlier $2T expectations.
- Q3 revenue hit $16.8B, up 45% QoQ — but a sharp slowdown after Q2's more-than-doubling growth
- The company reported adjusted profitability for the quarter
- Key concern: decelerating revenue growth and rising AI infrastructure costs could weigh on one of the most anticipated IPOs
Gary Marcus shared the news with a snarky "Generative AI Fizzle™" label, implying generative AI momentum is cooling.
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