Wall Street Urges Anthropic, OpenAI IPOs

Wall Street investors and deal lawyers are urging Anthropic and OpenAI to accelerate possible IPOs, saying political uncertainty around the November election could bring hearings and investigations over AI-related job losses and deepfakes. One major deal lawyer said advisers recommend companies go public before the end of the year, before what they expect could be a period of turmoil. The report says the push goes beyond investor concerns about an AI bubble.

Anthropic may file its S-1 offering statement any day in preparation for an IPO before Thanksgiving, according to the report. OpenAI CEO Sam Altman said last month the company was not planning to go public until next year, partly citing AI safety concerns. An OpenAI spokesperson said the company had not set an IPO timeline and that safety remained the priority; the spokesperson said OpenAI would not go public this year. Anthropic had no immediate comment.

Wall Street’s political concern is that Democrats could win both chambers of Congress in the November election while President Trump remains in the White House, creating legislative gridlock. The report says some incoming Democrats are expected to oppose Trump and his support for AI expansion. Politicians from both parties have called for slowing AI infrastructure construction and for companies to provide community benefits where large data centers are proposed, citing electricity use and pressure on water supplies.

The report says Wall Street expects Democrats to win the House and puts their chance of winning the Senate at nearly 70%. Michigan’s Senate race is described as a toss-up slightly favoring Democrat Abdul El-Sayed over Republican Mike Rogers; in Texas, Democrat James Talarico is slightly ahead of Republican Ken Paxton. The article also reports that Meta may make a “monster” secondary stock offering in the coming months to fund its AI expansion. It says Anthropic could delay its IPO amid concerns that AI valuations have peaked, and that Republicans could still retain both chambers.

Wall Street investors and deal lawyers are urging Anthropic and OpenAI to accelerate possible IPOs, saying political uncertainty around the November election could bring hearings and investigations over AI-related job losses and deepfakes. One major deal lawyer said advisers recommend companies go public before the end of the year, before what they expect could be a period of turmoil. The report says the push goes beyond investor concerns about an AI bubble.

Anthropic may file its S-1 offering statement any day in preparation for an IPO before Thanksgiving, according to the report. OpenAI CEO Sam Altman said last month the company was not planning to go public until next year, partly citing AI safety concerns. An OpenAI spokesperson said the company had not set an IPO timeline and that safety remained the priority; the spokesperson said OpenAI would not go public this year. Anthropic had no immediate comment.

Wall Street’s political concern is that Democrats could win both chambers of Congress in the November election while President Trump remains in the White House, creating legislative gridlock. The report says some incoming Democrats are expected to oppose Trump and his support for AI expansion. Politicians from both parties have called for slowing AI infrastructure construction and for companies to provide community benefits where large data centers are proposed, citing electricity use and pressure on water supplies.

The report says Wall Street expects Democrats to win the House and puts their chance of winning the Senate at nearly 70%. Michigan’s Senate race is described as a toss-up slightly favoring Democrat Abdul El-Sayed over Republican Mike Rogers; in Texas, Democrat James Talarico is slightly ahead of Republican Ken Paxton. The article also reports that Meta may make a “monster” secondary stock offering in the coming months to fund its AI expansion. It says Anthropic could delay its IPO amid concerns that AI valuations have peaked, and that Republicans could still retain both chambers.