Anthropic’s $2 trillion problem: Its underlying business is nowhere near the IPO valuation it wants ...Middle East

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Anthropic’s $2 trillion problem: Its underlying business is nowhere near the IPO valuation it wants

Good morning. On Fortune’s radar today:

Anthropic’s $2 trillion valuation isn’t justified by the numbers. Markets: Flat. Did the Fed’s Warsh give guidance about not giving guidance? AI investment is driving consumer inflation. The U.S. deficit suddenly got worse. A quarter of new startup founders were born poor. Here’s who is paying six figures for the advance feed to Trump’s posts.

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