Several artificial intelligence-related initial public offerings, including those involving OpenAI and Anthropic, have been cancelled, suspended or delayed because of high interest rates and a decline in AI operators’ stocks. Bloomberg Markets reported that OpenAI is now seeking private funding at a valuation between $1.25 trillion and $1.4 trillion. Anthropic remains the only major U.S. technology initial public offering moving forward, with a potential valuation close to $1.5 trillion. Prediction markets have adjusted their implied probabilities, while public-market investors are demanding more evidence of returns on data-centre investments before accepting higher valuations for these companies.
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