Anthropic Picks Nasdaq for Potential IPO, Valuation Eyed at $2T

Nasdaq's second marquee AI-adjacent listing win in a year signals that the exchange is positioning itself as the default venue for the largest private technology names, a shift with implications for how public-market exposure to the AI sector gets concentrated. The reported valuation, if realized, would place Anthropic in rare company and intensify scrutiny of how such figures are derived, given the gap between private marks and public-market discipline. The more telling contrast is OpenAI's stated reluctance to list, which keeps the two leading labs on divergent capital-market paths. Whether Anthropic's process advances, and how peers respond, is the open question.