Anthropic has reportedly cut its IPO valuation target to $69 billion from $100 billion, a notable reset in AI pricing. Bindu Reddy says the move reflects weaker

Anthropic has reportedly cut its IPO valuation target to $69 billion from $100 billion, a notable reset in AI pricing. Bindu Reddy says the move reflects weaker sentiment toward capital-heavy models and improves the long-term case for smaller ones.