Anthropic Opens Its Books To Wall Street As OpenAI's $20 Billion "Gross-Net" Hole Hangs Over AI Trade

What happened: Anthropic held a closed-door investor event in San Francisco, releasing updated financials ahead of a possible IPO, with attention on its revenue run rate. Key numbers: OpenAI cut its annualized revenue figure from about $70bn to $50bn; Anthropic Token Price Index fell to $0.84; Polymarket IPO odds slid from around 70% to a coin flip. Why it matters: Analysts say the run rate could move the whole market and test how bearish sentiment on AI and semis has become, with Anthropic's reporting likely setting a disclosure benchmark. Coverage: 3 outlets in 24h

Anthropic held a closed-door investor event in San Francisco, releasing updated financials ahead of a possible IPO, with attention on its revenue run rate.

Analysts say the run rate could move the whole market and test how bearish sentiment on AI and semis has become, with Anthropic's reporting likely setting a disclosure benchmark.