Alphabet set to expand Anthropic stake by up to $10B after IPO
- —Alphabet can purchase up to $10B of Anthropic Class N shares at the IPO price
- —Anthropic filed for a Nasdaq IPO under the ticker ANT
- —Anthropic's current valuation is about $965B; the market expects $1.25–1.5T
- —Some prediction markets price a valuation above $1.75T
Why it matters: A major tech investor is deepening its stake in the AI company whose IPO will set the tone for valuations across the AI sector, including AI tokens.
Source: Crypto Briefing