The financial stakes of AI just went to another level. Anthropic filed for an IPO. Google is issuing new stock for the first time in two decades. Bernie Sanders wants the government to own half of it. The question of who owns the AI future is no longer theoretical.
TLDR:
Anthropic and the IPO Race
Google Goes All In 💰
NVIDIA's Personal AI Computer
Meta's Expensive Lesson 🔓
Who Should Own the AI Future? 🏛
The Bro's Take 🤔
Anthropic filed confidentially with the SEC, officially joining the IPO race.
No audited financials yet. No confirmed timeline. But sources suggest a launch well before the end of summer.
OpenAI was expected to file within days of this news. That was two weeks ago. Sam Altman says he's not focused on timing. The financial press disagree
Google announced plans to raise $80 billion in new equity, the first new stock issuance in over two decades. $190 billion in AI capex confirmed for this year.
Berkshire Hathaway signed up for a $10 billion allocation under new CEO Greg Abel.
The S&P 500 is up 16% since April. The US semiconductor index is up 69% in two months. The AI trade is no longer a bet. It's the market
NVIDIA unveiled the RTX Spark at GTC Taipei. 20 CPU cores, over 6,000 integrated GPU cores, one petaflop of AI compute.
Available this autumn from Asus, Dell, HP, Lenovo, and Microsoft.
The era of GPU-powered chatbots is ending. Agents are the new workload. This is NVIDIA's answer to Apple's M-series dominance in local AI compute.
Meta's AI support system was exploited to hijack hundreds of Instagram accounts. Hackers used AI-generated videos to bypass identity checks and two-factor authentication entirely.
Meta had recently cut 60% of their trust and safety team while pushing AI into production.
Moving fast with AI and gutting the humans who catch mistakes isn't a strategy. It's a liability.
Who Should Own the AI Future? 🏛
Bernie Sanders wants the government to own 50% of frontier AI labs through a one-time stock tax. His argument: AI is built on stolen creative work and the wealth should benefit everyone.
What's interesting is that both OpenAI and Anthropic have previously written about public wealth funds and sovereign AI investment.
The idea isn't just coming from the left. It's coming from inside the labs too.
The policy debate around AI ownership is just getting started and it'll get much weirder before it lands anywhere sensible.
But the underlying question is the right one. AI is being built on collective human knowledge. The financial upside is concentrating in very few hands. How that gets resolved will define the next decade.
The money is serious now. The politics are catching up. Pay attention.
And that's it for today! Thanks for reading ♥️
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