原帖引用 · AI 翻译
《华尔街日报》：投资者已将对 Anthropic 首次公开募股的预期估值从约 2 万亿美元下调至 1.5 万亿美元，一些人现在认为 1 万亿美元更为现实。
中期选举之后，如今一切都取决于政治，而不是 Anthropic 自身的财务数据。
自民主党在中期选举中获胜以来，对数据中心建设暂停令的担忧引发了美国股市 3.2 万亿美元的抛售。
Anthropic 的业务仍在增长，截至 10 月底，其年化营收超过 800 亿美元，因此一些投资者希望先看到这些业绩，再认定估值会下调。
鉴于 Anthropic 在 9 月 30 日持有 1466 亿美元现金，即使募资规模缩小至约 800 亿美元，其现金总额仍将超过 2000 亿美元。
OpenAI 融资不力也指向同一趋势：按 1.25 万亿美元估值计算，它在 300 亿美元的目标融资额中已筹得 110 亿美元，低于其最初寻求的估值。
由于 Google、Amazon 和 Nvidia 与 Anthropic 的业务关系密切，首次公开募股延期或重新定价可能影响远不止 Anthropic 一家的估值。
原文
WSJ: Investors have cut their expected Anthropic IPO valuation from about $2T to $1.5T, and some now say $1T is more realistic. Its all about politics now after the midterm, rather than Anthropic’s own numbers. Since midterm wins by democrats, the fear of data center moratoriums triggered a $3.2T selloff in US stocks. Anthropic’s business is still growing, with its run rate above $80B at the end of October, so some investors want those results before assuming a cut. Even a smaller raise of about $80B would leave Anthropic with more than $200B in cash, given the $146.6B it held on September 30. OpenAI’s weak fundraising points the same way: it has raised $11B of a $30B target at a $1.25T valuation, below what it first sought. Because Google, Amazon and Nvidia are closely tied to Anthropic’s business, a delayed or repriced IPO could hurt valuations well beyond Anthropic.