Anthropic IPO, Oct. 30 -- Valuation expert Aswath Damodaran has valued Anthropic, the company behind the Claude artificial intelligence models, at $1.475 trillion, placing his estimate below the lower end of the widely discussed $1.5 trillion to $2 trillion range for its anticipated initial public offering (IPO).

Damodaran's valuation highlights the uncertainty surrounding the AI company's future, with its worth depending on revenue growth, profitability, computing capacity and its ability to maintain a premium position in the market.

In his latest blog, Damodaran warned that the company's valuation could change significantly once its shares begin trading. "Given AI's presence in the economy and markets, I can guarantee you that it will...