Anthropic’s $3.4 billion order for generator sets came to light today: 1.7 gigawatts of capacity, taking over Caterpillar’s batch, with installation and construction bundled in. It originally just wanted to be a OnePWR customer, but then decided to lock in the equipment early. AI companies are scrambling for different things now—there aren’t enough GPUs yet, and they need to get their hands on electricity too.
It’s also set to kick off its IPO roadshow next week, with its valuation cut to just over $1.2 trillion—a huge drop from the original price tag. OpenAI has also lowered its new fundraising target to around $20 billion. Private-market valuations follow the mood of the public markets, after all. With a trillion-dollar valuation, they’ll be asked to justify the price face-to-face at next week’s roadshow, haha.
It’s also set to kick off its IPO roadshow next week, with its valuation cut to just over $1.2 trillion—a huge drop from the original price tag. OpenAI has also lowered its new fundraising target to around $20 billion. Private-market valuations follow the mood of the public markets, after all. With a trillion-dollar valuation, they’ll be asked to justify the price face-to-face at next week’s roadshow, haha.