Anthropic has filed confidentially to go public as soon as this fall, pitching investors on a single thesis: that it leads the enterprise AI market and intends to transform the world with it.
But it has a problem that just won’t go away: the U.S. government becoming its outright adversary. For a company carrying a nearly $1 trillion valuation into a public offering, it has been blacklisted twice now by the federal government, forcing investors to consider whether that mega-valuation is fully pricing in the fact that the government is willing to switch off its flagship product overnight.
