Yet, according to Anthropic’s S-1, none of those VC firms owns 5%, the threshold for being included in the principal stockholders’ table. That’s highly unusual. In a typical tech IPO, lead venture investors hold double-digit-percentage stakes in the startups they backed. The reason is Anthropic’s size. At its $965 billion private valuation, a 1% stake is worth nearly $10 billion, so, for example, Menlo’s roughly $14 billion position is only about 1.5% of t
anthropic ipo
VCs will make billions on Anthropic’s IPO, but Amazon is set to make much (much) more
Anthropic opens its books for Wall Street, showing record revenue and mounting obligations

Anthropic opens its books for Wall Street, showing record revenue and mounting obligations Matthias Bastian View the LinkedIn Profile of Matthias Bastian Oct 26, 2026 Nano Banana Pro prompted by THE DECODER Key Points Anthropic filed its S-1 for a Nasdaq listing under the ticker "ANT." In Q2 2026, Anthropic pulled in $11.6 billion in revenue and posted its first GAAP operating profit at $974 million. The flip side: long-term compute commitments totaling $7
Nvidia weighs playing the cosigner for Nscale’s AI data center in West Virginia
The proposed arrangement would help Nscale secure financing for the electricity and construction costs of its West Virginia campus. Under what’s known as a residual value guarantee, Nvidia would step in if Nscale defaulted on construction payments, temporarily take over the facility, and help find a buyer and new tenant, according to The Information. Nvidia’s earlier support for cloud providers has mostly covered leases and chip purchases, not construction
Anthropic's $1.5 trillion IPO hits resistance as investors balk at valuation
Anthropic's $1.5 trillion IPO hits resistance as investors balk at valuation Maximilian Schreiner View the LinkedIn Profile of Maximilian Schreiner Nov 6, 2026 Anthropic's IPO is in trouble as investors push back on the $1.5 trillion valuation and the tech market sells off. According to Reuters, potential backers doubt the planned roadshow can kick off next week as scheduled. As recently as September, the company was eyeing a valuation of up to $2 trillion
Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation
Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation Matthias Bastian View the LinkedIn Profile of Matthias Bastian Nov 7, 2026 Anthropic is pressing ahead with its IPO despite the tech selloff, accepting a lower valuation. The Claude developer wants to go public before Thanksgiving and raise $80–100 billion at a $1.25–1.75 trillion valuation, according to investors cited by the Financial Times. That tops the curre
Anthropic is still grappling with the economics of compute

Looking at the compute margins makes the picture even worse. In the new quarter, compute took up 58% of the company’s revenue, up from 48% the quarter before. At a moment when the company could win over IPO investors by showing margins improving, they’re getting worse. A chart in the filing shows this even more clearly, tracking the company’s revenue for every dollar spent on compute. Since the start of 2025, it’s been steadily growing, peaking at just ove
OpenAI president Greg Brockman says company could be IPO ready in 2027
In response to the interviewer’s question about being IPO-ready next year, Brockman replied, “I think so. Yes.” “We’ve been very clear this year that we want to go public when we feel is the right time for us, and I feel extremely good about the business. I feel like we’ve made so much progress this year, and I’ve honestly never felt more confident in what we’re doing,” Brockman said. He detailed how OpenAI’s trajectory as an enterprise had changed over th
Frontier Radar #5: If AGI is so close, why is everyone leaving? The neolabs and their bets

Frontier Radar #5: If AGI is so close, why is everyone leaving? The neolabs and their bets Maximilian Schreiner View the LinkedIn Profile of Maximilian Schreiner Nov 6, 2026 Nano Banana Pro prompted by THE DECODER AI News Without the Hype – Curated by Humans Subscribe to THE DECODER for ad-free reading, a weekly AI newsletter, our exclusive "AI Radar" frontier report six times a year, full archive access, and access to our comment section. Subscribe now {
Claude Fable 5.2 and Mythos 5.2 cement Anthropic's AI lead just before its IPO

Claude Fable 5.2 and Mythos 5.2 cement Anthropic's AI lead just before its IPO Matthias Bastian View the LinkedIn Profile of Matthias Bastian Nov 9, 2026 Anthropic Key Points Anthropic is releasing Claude Fable 5.2 and Mythos 5.2, two new flagship models built for the most demanding technical tasks. Anthropic says it deliberately prevented the models from gaining capabilities during training that could directly accelerate AI development. Fable 5.2 ranks fi
Ramp data shows AI spending stalling just as Anthropic nears its IPO
A new report from Ramp shows AI spending flatlined over late summer even as token volumes rose, a sign that price competition and savvier customers may be capping revenue for OpenAI and Anthropic. According to Ramp’s data, token spend only grew 1.5% across August and September. To compare, in July, it grew 42% from the previous month. As Anthropic gears up for its IPO, the data suggests investors might be wrong to assume AI companies will keep growing at b
From the front row to the hot seat — what the midterms mean for Big Tech
For the past two years, many of Silicon Valley’s biggest names have built closer ties with President Donald Trump and his administration. Several attended White House events, some companies scaled back diversity, equity, and inclusion (DEI) programs, and some executives donated millions to super PACs supporting his campaign and allied candidates. Administration policies also benefited the industry, including tax breaks, the pausing of some federal investig
The Verge
Posted Nov 5, 2026 at 10:38 PM UTCEExternal LinkElizabeth LopattoAnd I say, hey-ey-ey, hey-ey-ey, I said, hey, what’s going on?Today I was on the phone with someone who suggested maybe the AI bubble was bursting and that was what was going on with AI stocks. Well, maybe! I don’t know! I’ve seen a lot of attempts to explain why the market was up yesterday and is down today and this is the best one of the bunch.So, about that Anthropic IPO . . .[FT Alphavill
The Verge

AI is the new dating dealbreakerSwipe left if you’re not aligned. Cath Virginia / The Verge, Getty ImagesAI is the new dating dealbreakerSwipe left if you’re not aligned.When Irene moved to San Francisco last year, she started using dating apps as a way to meet new people, get to know her new city, and connect with others who care about the things she does. After the 25-year-old analyst downloaded Hinge and started swiping, she noticed a trend.“Hinge has a
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Please stop asking me when the AI bubble will popI’m getting some real mixed messages here, boys!Emmanuel Roman, chief executive officer of Pacific Investment Management Co. (Pimco), during the Global Financial Leaders’ Investment Summit in Hong Kong, China, on Tuesday, Nov. 3, 2026. Bloomberg via Getty Images is a reporter who writes about tech, money, and human behavior. She joined The Verge in 2014 as science editor. Previously, she was a reporter at Bl
The Verge

OpenAI valued at $1.25 trillion, as rival Anthropic nears its IPOCEO Sam Altman said recently that OpenAI is prioritizing safety instead of going ‘guns blazing’ toward an IPO.CEO Sam Altman said recently that OpenAI is prioritizing safety instead of going ‘guns blazing’ toward an IPO.Image: The Verge is a news writer covering all things consumer tech. Stevie started out at Laptop Mag writing news and reviews on hardware, gaming, and AI.OpenAI is now valu
22.7 billion—the biggest generator mega-deal in AI history is here!

Zhidx (WeChat official account: zhidxcom) Compiled by | Li Shuiqing Edited by | Xinyuan Zhidx reported on November 9 that, according to the UK's Financial Times, Anthropiccompleted a transaction in late September with OnePWR Solutions, an equipment supplier based in San Antonio, Texas, for $3.4 billion (approximately RMB 22.7 billion), securing a supply of 1.7 gigawatts of heavy-duty generators for data center power. The UK's Financial Times said the deal
OpenAI Poaches Claude Code Product Lead Cat Wu, Targeting Anthropic’s IPO Achilles Heel

With personnel and infrastructure in place, OpenAI bets on team agents. Author | Gao Yunyi Editor | Cen Feng One week after Anthropic filed for an IPO, the head of its most profitable product had already joined the other side.This morning, Cat Wu, the former head of product for Claude Code, announced on X that she was joining OpenAI as the head of product for the core product group.Just a day earlier, she had bid farewell to Anthropic—a virtually seamless