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Anthropic IPO Valuation Slumps to $80B

Original title: [AINews] Anthropic IPO: Whither Now?

Latent Spaceby swyx .ai ()14 min read1 · 1 read
Part of a story covered by 3 sourcesAnthropic Advances IPO at $1.25-1.75T Valuation Amid SelloffMerged summary & timeline
AI summary · x-ai/grok-4.7Summaries by Vani AI

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.

Key facts
  • 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
Explain this AI news with Vani AIWhat was announced, what is new and why it matters, in a new chat

From the original article

14 min read at latent.space

November 6, 2026 — ARC Prize tests Inkling 2 Small, and Thinking Machines explains how it caught early checkpoints bypassing guardrails.

Latent Space

By swyx .ai · latent.space

Read the full article at Latent Space

A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.