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But we saved everything 🙂.
Anthropic has reportedly reduced its IPO valuation target from $100 billion to $69 billion. Bindu Reddy commented that this decline is not a positive sign for small models that require large amounts of funding. Reddy added that the reduced valuation makes her more optimistic about the long-term prospects of small models.
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Reddy has previously flagged risks in the AI and tech sectors. She has cited increasing AI-related security incidents and pressure on tech stocks in an earlier analysis of market concerns. Reddy also argued that high costs and less favorable contracts may lead firms like NeoClouds to consider bankruptcy as a possible strategy.