New Constructs Warns Anthropic IPO Could Pose Major Valuation Risk

Research firm New Constructs has warned that a potential Anthropic IPO could introduce significant risks for investors if the AI company enters public markets at an excessive valuation.
The firm argues that Anthropic should be valued at approximately $150 billion, substantially below some of the higher valuations associated with leading private AI companies.
The warning reflects broader concerns about whether future AI revenue and profitability can justify the enormous valuations and infrastructure spending across the sector. The $150 billion figure represents the research firm's assessment rather than an established market value.