Rohan Paul (@rohanpaul_ai)T2·Industry
78 pts
Margin calls on leveraged AI positions in Asia and broker warnings of continued unwinding point to further valuation downside before deals close. Anthropic IPO buyers are discussing a valuation as low as $1.1T versus earlier estimates up to $2T, OpenAI cut its raise from $30B at $1.4T to about $20B at $1.25T, and Nscale's IPO valuation was pushed from a requested $30B to a $16B-$19B range.