According to a September 30 report by technology media outlet The Information, some investment banks in the venture capital and private equity markets have discussed valuing AI company Anthropic at approximately $2 trillion in early communications. However, in the public market, two large investment institutions believe a more appropriate valuation should be closer to $1.5 trillion. Silicon Valley's venture capital circles are still chasing the upside potential of AI assets, while Wall Street's public markets are more focused on cash flow, financing costs, and downside scenarios. Anthropic is still expected to be several weeks away from launching its formal IPO roadshow. The report notes that stock market volatility has begun to influence investors' attitudes toward pricing large tech IPOs. Pat Grady, one of the heads of Sequoia Capital, stated last week that AI company valuations are "absolutely insane," and that some startups quickly conduct their next funding round at significantly higher valuations after completing a previous one, which is a typical sign of a bubble.