Anthropic IPO Valuation Slumps to $80B
Original title: [AINews] Anthropic IPO: Whither Now?
AI market rout deepens with valuations revised downward as Anthropic targets $100B run rate.
The AI market has deepened its rout, with valuations revised down as low as $1T and probability down 18%. Anthropic sets a year-end IPO target of $100B run rate, currently at $80B. The piece covers key lessons and assumptions ahead of the IPO.
- Thinking Machines launches Inkling 2 Small, a 594B total parameter MoE model
- Moonshot releases Kimi K3.1 Pro, a 2.8T-parameter MoE with 104B active parameters
- Baidu releases ERNIE-5.5-Flash-Base, a 280B MoE with 14B active parameters
- Tencent Hy4 ranks top in Agent Arena among Chinese models
- Several open models show strong benchmarks on ARC-AGI and Code Arena
From the original article
14 min read at latent.spaceNovember 6, 2026 — ARC Prize tests Inkling 2 Small, and Thinking Machines explains how it caught early checkpoints bypassing guardrails.
By swyx .ai · latent.space
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