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Fortune
Fortune
Allie Garfinkle

‘A pressure cooker ready to explode’: The wild secondaries scramble for Anthropic shares

dario (Credit: Chris Ratcliffe/Bloomberg via Getty Images)

A feeding frenzy in the animal kingdom is, at its core, vicious competition.

The idiom “feeding frenzy” gained prominence in the mid-century, first primarily to describe the behavior of sharks frenetically ripping into large schools of fish. It’s chaotic, ruthless, and triggered by the perception of abundance. And I suspect the phrase gained popularity both because it’s evocative, and because there’s more than one kind of shark out there. And right now, quite a few sharks are circling the secondaries market around Anthropic, which is widely expected to go public this year (as is rival OpenAI).

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