Anthropic · Axios
The big picture: Tech is still in its "stay private longer" era
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The biggest issue going forward are scale and supersonic growth.
Key facts
- The biggest issue going forward are scale and supersonic growth
- To be clear, neither frontier lab needs to go public immediately
- Some things are too big to be kept in a private box
Summary
There's been a lot written about how both Anthropic and OpenAI want to go public later this year, with each hoping to beat the other to market. Tech is still in its "stay private longer" era, as best exemplified by teenaged companies like Stripe that routinely raise new funding to provide liquidity for employees and other shareholders. Need primary capital? Need secondary capital? To date, both Anthropic and OpenAI have followed this playbook.