Anthropic IPO Faces Headwinds After Midterms Deliver Rebuke to Data Centers

Anthropic is adjusting its IPO expectations as voters across the United States rejected local data center initiatives in 40 out of 41 ballot measures. Investors now anticipate a lower valuation target between $1 trillion and $1.5 trillion amid worries over rising consumer energy costs. The pushback complicates Anthropic's vast capital commitments for compute infrastructure.