Anthropic is expected to pursue an initial public offering before Thanksgiving at a valuation of $1.25 trillion to $1.75 trillion, below an earlier valuation of as much as $2 trillion, as U.S. election results intensify scrutiny of artificial intelligence data centers. Voters rejected data center-related ballot measures in 40 of 41 midterm election cases, while an NBC News exit poll found AI infrastructure was a crucial or major factor for more than half of voters choosing congressional candidates. CoreWeave Chief Executive Michael Intrator said he wants to work with Texas Governor-elect Gina Hinojosa after her upset victory ended 36 years of Republican gubernatorial control. OpenAI Chief Financial Officer Sarah Friar said the company would not raise electricity rates and had discussed a 90-meter noise barrier with Georgia residents. Microsoft is reviewing or phasing out some computing-capacity leases, while Nvidia is exploring telecom facilities as alternative AI infrastructure with Apollo Global Management. Anthropic had been expected to surpass SpaceX's $1.77 trillion listing but is now expected to accept investor pressure for a lower valuation.