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AI for Business

Anthropic Reportedly Presses Ahead with IPO and Buys $3.4B of Gas Turbines

The Wall Street Journal reports Anthropic is moving forward with IPO plans and may set a valuation range this week. It also bought $3.4B of natural gas turbines.

10 Nov 20262 min readSource: TechCrunch
AI FOR BUSINESS

Anthropic plans to move forward with an IPO, according to a Wall Street Journal report relayed by TechCrunch. The company is expected to set its valuation range this week. Nothing has been confirmed by the company in these reports.

Separately, TechCrunch reports that Anthropic bought $3.4 billion worth of natural gas turbines. The outlet says the deal could give the company buyer's remorse.

Why it matters: Anthropic's finances and power supply affect how reliably you can build on its models.

Together, the reports show a company thinking about capital markets and about how to power its infrastructure.

Sources: TechCrunch