How I’m Thinking About the Anthropic and OpenAI IPOs

A charcoal architectural sketch: a lone figure steps out of a broken, tangled sienna structure on the left—current state—into a clean purple architectural corridor that races toward bright open light on the right—ideal state/images/anthropic-openai-ipos.webp/images/anthropic-openai-ipos.webp Some …

June 2, 2026
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