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"The Anthropic knot" is how a Trump political adviser's memo, obtained by Axios, labels Dario and Daniela Amodei's ties to effective altruism. It's circulating as Anthropic prepares for what's expected to be a record-setting IPO.
Eighteen months ago Anthropic expected $12 billion of revenue in 2027. By August it was running at around $65 billion annualized, an unofficial figure, and the IPO it was poised to file could value it at $2 trillion.
Per Bloomberg's sources, SoftBank is shopping the equivalent of more than $11 billion of junk bonds, one of the biggest such deals ever, to help fund a follow-on OpenAI investment closing next month.
Almost $280 billion is the cash OpenAI expects to burn through by the end of 2030, per the Financial Times. Reuters says it couldn't verify the figure, and the 2025 loss alone was reported at $38.5 billion.
Open-weight models moved 56% of tokens on Vercel's AI Gateway in August but took 14 cents of every estimated dollar. Anthropic took 64 cents of it, and its share hasn't dipped below 61% in any month since December 2025.
Rhodium Group puts seven Chinese AI developers, DeepSeek and Alibaba included, at an estimated $10.7 billion in annual recurring revenue from March to August. OpenAI and Anthropic together top $100 billion.
More than $1.2 trillion is the valuation OpenAI floated in early talks with investors, per the WSJ, up from the $852 billion it carried in March. The round would land before an IPO now expected next year.
Hugging Face's CEO isn't asking OpenAI for cash. Clément Delangue wants "$100 million worth of computing power" plus public traces of the rogue agents that broke into his company, TechCrunch reported, and he hasn't sued.
Per WIRED, OpenAI spent recent weeks asking members of Congress whether orchestrating an industry-wide slowdown on frontier AI development would be legal. AI leaders worry antitrust law could stand in the way.
The engineers who led Apple's Portrait Mode team sold their next startup to OpenAI for $300 million, per WSJ. Glass Imaging uses AI to get around the physical size limits of a phone camera, and no product has been named.
Two straight quarters of positive adjusted operating income: that's what Anthropic is telling shareholders before its planned listing. The prior one carried preliminary revenue above $11.5 billion, per Bloomberg.
Some estimates put Anthropic at $2 trillion, a number that hasn't been finalized, Business Insider reports. The same report says the listing goes to Nasdaq, with October as the target month.
Altman ruled out an OpenAI IPO in 2026, calling right now an "ill-advised moment to go public" given everything happening with safety. The New York Times reported in June that bankers had been hired for a Q3 or Q4 2026 listing.
At a company meeting this week, Sam Altman told OpenAI staff the firm is open to slowing development of its AI systems, Bloomberg reports. It follows the two-week pause on frontier RL training.
Anyone trying to buy ChatGPT Pro right now hits a wall. OpenAI paused new $200-a-month signups, calling it the smallest step it could take while GPT-6 Astra demand strains its systems.
The $1-a-year ChatGPT deal for federal agencies is finished. The GSA says OpenAI is switching them to usage-based pricing, with federal workers getting 50% off standard prices.
Addy Osmani says he's joining Anthropic, in a post on X that got picked up on Hacker News. His public LinkedIn profile still lists Google Cloud AI as the most recent role.
Chuck Schumer's daughter is heading to OpenAI's policy team, per Axios citing a company spokesperson. Jessica Schumer, Amazon's former top public-policy official in New York, will run its government outreach in the Northeast.
"Samsung Electronics led the round," Mistral said of its €3 billion Series D, which sets a post-money valuation above €21 billion. Other reports on the raise name Nvidia among the backers.
Quartz, citing reported financial documents, puts OpenAI's 2025 loss at $38.5 billion on $13.07 billion of revenue, with $20.92 billion of it from operations and the rest tied to the for-profit conversion.
