AI Summary
5 min readAnthropic Filing Heats Up a Blockbuster Year for IPOs
Anthropic, the maker of the Claude family of AI models valued at $965 billion, has filed confidential paperwork for an initial public offering that could put the company on a path to go public this fall — joining what is shaping up to be a blockbuster year for IPOs, with SpaceX's huge offering expected this month.
The Race to Go Public in AI
The timing of Anthropic's IPO matters significantly, according to WSJ's Heard on the Street columnist Asa Fitch. "Which one of those goes first? Actually, it matters quite a bit," Fitch said. "The first to list kind of sets the tone of the market. Investors have to get comfortable with it, get used to like what's the new business model that they're investing in. And it can also be a really bad thing to go second if the first guy doesn't do too well."
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What you'll learn
- 1 (01:10) **Blockbuster IPO Year: Anthropic Files for IPO** - Anthropic, maker of the Claude AI models, files confidential paperwork for a fall IPO, valued at $965 billion.
- 2 (02:47) **Florida Sues OpenAI Over Safety** - Florida Attorney General sues OpenAI and CEO Sam Altman, alleging they knowingly released an unsafe product.
- 3 (04:00) **Barry Diller’s IAC Offers to Buy MGM** - IAC, owned by Barry Diller, offers to take over the casino giant MGM for about $12.4 billion, valuing the company.
- 4 (04:26) **Gen Z Horror Films Dominate Box Office** - Two indie horror films, "Backrooms" and "Obsession," top the weekend box office, driven by young audiences.
- 5 (07:50) **Trump Administration Retreats on Anti-Weaponization Fund** - The DOJ says it will abide by a court order to halt the $1.8 billion fund, with a White House official calling it a first step toward dropping it.
- 6 (08:22) **Trump Announces Lebanon Ceasefire** - President Trump says Hezbollah has agreed to stop fighting, with no U.S. troops going to Beirut.
- 7 (08:54) **Iran Tensions and Oil Prices Rise** - Trump says talks with Iran are continuing at a "rapid pace" after weekend strikes sent oil prices higher.
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Guests on this episode
Show Notes
P.M. Edition for June 1. AI giant Anthropic has confidentially filed paperwork to go public, potentially as soon as this fall. WSJ Heard on the Street writer Asa Fitch discusses why it matters whether Anthropic or rival OpenAI make their stock market debut first. Plus, the Trump administration is signaling a retreat on its $1.8 billion “anti-weaponization” fund, which met powerful pushback from members of Congress.
And the top two movies at the box office this weekend were horror films made by Gen Z filmmakers. We hear from Journal entertainment reporter Ben Fritz about whether this represents a new pathway for Hollywood hits. Alex Ossola hosts.
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