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  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

China challenges Anthropic: competition from its models threatens its valuation ahead of IPO

TechnologyInternationalXataka35 s readAI summary
Image: Xataka

Anthropic plans to start trading in November and some analysts attribute a valuation of about two trillion dollars to it. Hedgeye Risk Management argues that competition from Chinese labs could leave it at 1.5 trillion. Cheaper Chinese open-weight models already account for nearly half of the tokens processed worldwide. Anthropic posted $16.8 billion in revenue in the third quarter of 2026, almost 50% more than the previous quarter, though Hedgeye sees slowing growth.

In 35 seconds

  • Anthropic plans to go public in November; some analysts estimate a valuation of about two trillion dollars.
  • Hedgeye Risk Management calculates that Chinese competition could cap the valuation at 1.5 trillion, 500 billion less.
  • Cheaper Chinese open-weight models already account for nearly half of the tokens processed worldwide.
Read the full story at Xataka

IASummary generated by artificial intelligence from a story by Xataka. It may contain errors: the original source prevails.

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