Rohan Paul

Bloomberg: Margin calls on leveraged AI positions in Asia, plus broker warnings that the unwinding may continue, suggest valuations could fall further before these deals close. Anthropic’s IPO buyers are discussing a valuation as low as $1.1T, compared with earlier estimates of up to $2T and a $965B private round. OpenAI cut its fundraising goal from $30B at $1.4T to about $20B at $1.25T, and has about $11B committed so far. Investors pushed Nscale’s IPO valuation from a requested $30B to a $16B to $19B range, so the repricing reaches beyond the 2 largest model makers.