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Major investors are skeptical that Anthropic can justify a $1.5 trillion valuation in its planned IPO, according to a WSJ report flagged by @DeItaone. The doubt centers on whether the AI developer’s revenue growth and compute spending can support a price tag that would rank it among the most valuable listed companies. The debate matters because Anthropic is viewed as a bellwether for the AI sector’s ability to convert hype into public-market returns. What to watch next is how the company frames its revenue trajectory and cost structure in its filing, and whether early investor demand supports the target or forces a lower range.

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Anthropic, WSJ, Walter Bloomberg