Anthropic IPO Faces AI Backlash | JQJO

Anthropic, the first pure‑play AI firm, is preparing a mid‑November Nasdaq debut amid growing public wariness of artificial intelligence. Investors now target a valuation of one trillion to one and a half trillion dollars, down from a previously floated two trillion. The company’s enterprise focus on its Claude models keeps it out of the spotlight, but the backlash from the recent midterm elections—where voters rejected AI data‑center projects in forty of forty‑one cases—has rattled prospects. Nasdaq’s steepest drop in nineteen months, hurting chipmakers and neoclouds, added pressure. Analysts note that more than half of voters cited AI data centers as a crucial factor in their congressional choices, and behavioral scientist Maura Austin warned that Anthropic’s high valuation may not sit well with the public.