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Anthropic, the operator of the AI model Claude, is proceeding with an initial public offering (IPO) with a target valuation of up to $1.4 trillion, according to the Korea Times and the Maeil Business Newspaper. The company filed for the listing on the Nasdaq with the symbol 'ANT' on October 26, 2026, local time. The IPO is set to be a defining test of Wall Street's faith in the AI sector, as the valuation is slightly short of some investors' expectations amid cooling AI appetite. The Maeil Business Newspaper reports that the target is slightly lower than the 1.5 trillion dollars previously discussed in the market.