Private AI valuations are climbing faster than the venture exits needed to sustain them.
The AI boom is pushing venture valuations higher, with a 5 billion dollar peak now taking far less time and far more capital to reach. The IPO window for most high-growth tech names has not reopened, and weak exits are putting pressure on the market. Anthropic is expected to go public next week, and its debut now stands as the test of whether those private AI valuations are wildly off base.