Anthropic's expected IPO valuation just dropped again.
According to Bloomberg's November 6 report, potential investors are now discussing a valuation of $1.2T to $1.3T, with some going as low as $1.1T.
Just a month ago, figures as high as $2T were being floated.
The market is starting to take a harder look at AI valuations.
Better models and growing revenue matter, but investors increasingly want to know how much profit these companies can actually make after spending billions on compute.