Wall Street and Silicon Valley Split Over AI’s Price Tag

Shifting economic forces are driving a widening divide between the financial views of Silicon Valley and Wall Street, clouding the outlook for trillions of dollars invested in AI.

Stock market angst has already caused delays for several medium-sized initial public offerings, and it is starting to cool once-red hot sentiment about Anthropic’s giant IPO, which is coming later in the year than investors expected. Two large public investors said Tuesday that they thought bankers should value Anthropic closer to $1.5 trillion, rather than the $2 trillion that some bankers have floated in early conversations. The AI firm is still likely weeks away from an official IPO roadshow.