Anthropic, the company behind the Claude AI model family, has reported a 50% increase in quarterly revenue and is now cash-flow positive, moving closer to its anticipated IPO. The company confidentially filed for an IPO in June, with previous funding rounds valuing the company at nearly $965 billion, while investors now expect a potential valuation around $1.5 trillion, below initial projections of $2 trillion. The slowdown in revenue growth weighs on investor sentiment and raises questions about the company’s ability to achieve a market cap above $1.25 trillion.
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