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Anthropic could raise a new $50B round at a valuation of $900B

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Re: Anthropic could raise a new $50B round at a valuation of $900B

#2
> The company’s run rate is currently closer to $40 billion, one of the people with knowledge of the company’s financials said.

If this is true, then $900B seems low. Applying the standard 27x multiple should get them to $1080B. Is the compression due to DoW risk?