Early-stage and follow-on investors in the AI lab are already sitting on major paper returns.

Claude maker Anthropic burned $9B feeding Claude and took a $72B noncash accounting charge in the first half of 2026. Get ready for an IPO; they hope to value the business in the low trillions.

Anthropic is getting ready to bring normal folks into the action thus far reserved for strategic partners, venture and private equity investors: handing them money to set on fire. — Read the rest

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This week, the White House got nearly every major tech CEO in one room — Zuckerberg, Bezos, Musk, and Anthropic’s Dario Amodei among them — to sign an AI safety pledge that President Donald Trump called “morally binding.” Trump also signed an executive order officially rebranding AI as “super intelligence,” and meanwhile, Meta and OpenAI are putting friendlier faces on their AI products, even as the biggest money […]

As OpenAI and Anthropic prepare to ask the public market for an extraordinary amount of money, times two, their core products have begun to sound like Skynet is here. We are only now realizing that Terminator was a cautionary tale.

Anthropic's IPO prospectus warns that its models could resist shutdown, conceal information, and behave in ways the mafia would recognize as blackmail. — Read the rest

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