Anthropic's Mega-IPO Faces Investor Skepticism Over Chinese Rivals and Political Headwinds

Anthropic is preparing for an IPO in September or October, potentially the largest ever, with a valuation of $965 billion. During investor meetings, the company is facing tough questions about Chinese competition, tensions with the Trump administration, and protests against data center construction. The IPO's valuation is likely to set the benchmark for how the entire AI industry is valued.