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Anthropic's $1.4T IPO Target Tests AI Market Sentiment
Anthropic has filed for a U.S. IPO, targeting a valuation of up to $1.4 trillion, slightly short of earlier market expectations of $1.5 trillion, according to Maeil Business Newspaper. The Korea Times reports the filing could produce the biggest initial public offering ever, even as the CEO warns advanced AI could pose existential risks. Business Korea earlier cited a potential valuation of up to $2 trillion, or about 2,700 trillion won, though the latest figure is lower. The IPO is seen as a test of Wall Street's faith in AI, with Korean stocks rebounding on October 27 on revived AI investment sentiment, led by semiconductor heavyweights, per the Korea Times. However, by November 9, Seoul stocks bucked Wall Street gains and opened lower as investors dumped tech shares, with the KOSPI down 31.68 points to 5,028.01, Yonhap reports. Korean media coverage focuses on the IPO's scale and its implications for AI industry growth and profitability, with Dong-a Ilbo noting it will gauge the sector's viability amid surging sales and heavy infrastructure costs.
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