Anthropic IPO nears, but investors balk at slowing revenue and NYC asks for delay

Anthropic is reportedly preparing an IPO before Thanksgiving, but investors were disappointed by slowing revenue growth: up 45% quarter-over-quarter to $16.8 billion versus a doubling in the prior quarter. Some investors are weighing a valuation cut of roughly $500 billion. NYC comptroller Mark Levine urged Anthropic to delay the listing to focus on safety.

• Anthropic revenue rose to $16.8 billion, but growth slowed to 45%
• Investors are weighing a valuation cut of roughly $500 billion
• NYC comptroller asked Anthropic to delay its IPO over safety concerns
• Anthropic plans to spend over $500 billion on AI infrastructure in a decade