如果想要公共和私人投资者情绪差距扩大的证据，请看看Anthropic和OpenAI的估值。
If you want proof of the widening gap in sentiment between public and private investors, take a look at the valuations of Anthropic and OpenAI.
周二，Anthropic披露其在即将到来的首次公开募股（IPO）中目标估值为1.26万亿美元至1.4万亿美元之间。该招股说明书更新紧随OpenAI最近一轮融资之后，后者将该公司估值定为1.25万亿美元。
On Tuesday, Anthropic disclosed it was targeting a valuation of between $1.26 trillion and $1.4 trillion in its upcoming initial public offering. The prospectus update comes on the heels of OpenAI’s most recent fundraising, which valued the company at $1.25 trillion.
这意味着，假设Anthropic实现其区间高端估值，它预期公开市场投资者给予的估值仅比OpenAI高出12%。尽管事实上，Anthropic在第三季度产生的收入比OpenAI多70%，且今年大半时间增长速度快得多。
That means Anthropic expects public investors to value it at only 12% more than OpenAI, assuming it achieves the valuation at the high end of its range. That is in spite of the fact that Anthropic generated 70% revenue than OpenAI in the third quarter and has been growing far faster for much of this year.
尽管如此，Anthropic的顾问可能正在向下引导估值，以确保股票在首个交易日有充足需求。如果投资者需求强劲，Anthropic很有可能提高IPO发行价或出售更多股份，这正是部分Anthropic投资者所预期的。
Still, Anthropic’s advisers may be guiding the valuation downward now to make sure there’s plenty of demand for the stock on the first day of trading. There’s a good chance Anthropic can increase the IPO price or sell even more shares if investors’ demand is strong, as some Anthropic investors are expecting.