Breaking Down Anthropic's $1.4 Trillion IPO Valuation

Anthropic is preparing to price its initial public offering on November 18, targeting a fully diluted valuation of about $1.4 trillion and raising up to $90.4 billion to fund computing capacity for frontier AI models. Bloomberg’s Michael Shepard discusses the deal structure and whether the artificial intelligence sector can be said to have a circular financing dynamic. (Source: Bloomberg)