Anthropic is considering an IPO, according to the Financial Times, right after a series of warnings from senior central bank chiefs and others of a bubble in AI and excess liquidity in a range of asset markets.
At the same time, National Economic Council director Kevin Hassett has emerged as President Donald Trump’s favorite candidate to replace Federal Reserve Chair Jerome Powell next year—signaling further interest rate cuts in 2026 and thus new rounds of cheaper money coming into the market.
And Big Short investor Michael Burry repeated his warning that stocks were in a bubble on a podcast with author Michael Lewis.
Anthropic, which is in talks for a new round of VC funding that would value the AI company at $300 billion, has retained the California law firm Wilson Sonsini to advise it on IPO issues, the FT said, with an eye on going public in 2026. The company denied it has made any such plans.
Going public would give the company a vast new war chest of cash with which to compete against Sam Altman’s OpenAI. There is some weakness in OpenAI’s business, according to research made public from Deutsche Bank analysts Adrian Cox and Stefan Abrudan. Growth in consumer subscriptions for OpenAI’s ChatGPT is slowing down, according to transaction data from dbDataInsights.
