Anthropic IPO meets AI backlash after midterms show stinging rebuke of data centers

Summary

Anthropic is reportedly preparing an IPO, likely targeting a mid-November Nasdaq debut, with investors seeing a valuation of $1 trillion to $1.5 trillion, down from an earlier $2 trillion target. The move comes after voters in the midterm elections rebuked AI, with local communities opposing data center ballot measures in 40 of 41 cases.

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