OpenAI valuation falls to $1.25 trillion; Anthropic targets at least $1.5 trillion in IPO

OpenAI valuation at $1.25tn and Anthropic planned IPO at a $1.5tn-plus target show private AI valuations facing public-market scrutiny. The contrast matters because it resets benchmarks for AI capital allocation and may spur near-term volatility in AI-linked equities and synthetic AI trackers as investors reassess funding needs and growth assumptions.