Amazing.
After calling for everyone to hit the brakes, your A Company's IPO is still proceeding.
Bloomberg reported that Anthropic has chosen Nasdaq as its listing location, with plans to ring the bell as early as October this year.
You little rascal, after all this, you still want to use the nuclear option to inflate the valuation!!!
In terms of fundraising scale, it's also being incredibly ambitious, saying it needs to be at least on par with SpaceX.
Oh Elon, oh Elon, even you've become a unit of measurement one day...
A Company's Marketing Mastery
Your Dario is already lost in his own art, unable to extricate himself.
This weekend, A Company's signature move was deployed again. Dario posted a short essay calling for the AI industry to hit the brakes.
Who would have thought, hey, people actually paid attention. Altman and Musk all chimed in.
Your Nobel laureate Hassabis also quietly voiced support. It's just a shame that after Google lost Coding, old Hassabis basically carries little weight anymore. The position among the AI big three has long been replaced by old Musk.
But then the ridiculous moment arrived...
A Company was revealed to still be accelerating its IPO, aiming for as early as October this year.
On one hand shouting "AI is dangerous, slow down," on the other charging towards the "biggest IPO in history."
Well, that's A Company for you.
A Company's IPO Progress Bar
Let's look at the core info from this leak.
Listing location: Nasdaq.
Timeline: As early as October this year.
Fundraising scale: Aiming to match or even exceed SpaceX.
What does matching mean?
SpaceX just rang the bell on Nasdaq this June, raising a whopping $86.3 billion in one go, setting a historical record for US IPOs.
A Company's intention is to set another record.
Wait, what about hitting the brakes??
In terms of valuation, the previously rumored target was around $2 trillion.
That's already close to the market cap of established giants like Amazon and Meta.
I seriously suspect A Company can't tell left from right, confusing the gas and brake pedals.
Since focusing on Coding, A Company's funding progress has been like riding a rocket.
March 2025, Series E, post-money valuation $61.5 billion.
September 2025, Series F, $13 billion, valuation $183 billion.
February 2026, Series G, $30 billion, valuation $380 billion.
May 2026, Series H, $65 billion, post-money valuation $965 billion, surpassing OpenAI's $852 billion in one go to become the world's most valuable AI startup.
14 months, valuation increased nearly 16 times.
But to be fair, A Company's commercial prospects are indeed solid. By the end of July, ARR exceeded $65 billion, more than 7 times higher than at the end of last year.
Remember, at the beginning of 2025, that number was only $1 billion...
Programmers are just too good at generating gold, directly propelling A Company to the top, overtaking OpenAI.
Even so, A Company is still very cash-hungry.
AWS's decade-long commitment exceeding $100 billion, expanding TPU with Google and Broadcom, plus SpaceX's compute clusters—each one is a cash-devouring monster.
Compute power is indeed a bottomless pit, otherwise they probably wouldn't be in such a hurry to go public.
In contrast, OpenAI is the picture of laid-back relaxation.
Your cyber godfather Thibault, after Astra, who knows how many times he's reset, turning the Agent wars into a food delivery war...
Back to the IPO.
Looking at the broader market, A Company's listing will further ignite capital enthusiasm on Nasdaq.
The total IPO fundraising amount in the US stock market this year has reached $160.6 billion, the highest since 2021.
Nasdaq alone accounted for the 4 largest deals, including SpaceX and SK Hynix.
If Anthropic really pushes past $86.3 billion, it could boost that number significantly again.
One More Thing
Oh, one more thing.
A Company called for a pause in AI research this time, and OpenAI followed, right?
It left me dumbfounded.
Clearly finished with the disdain on stage, not even willing to shake hands, yet Altman played it so gracefully this time.
I thought we finally got the drama of a handshake truce to fight the big boss together.
But I see it clearly today.
Right after sharing Dario's blog post, Altman went on a Fortune interview.
It's definitely not wise to go public now.
We still have a lot of work to do. We need to be able to make decisions that, on the surface, don't seem to align with the company's or shareholders' interests.
???
Wait, I thought, judging from all the previous rumors, OpenAI never planned to go public this year anyway...
In seizing the main narrative.
In one move, sucking away all the traffic from supporting A Company's PR stunt, making OpenAI seem like the most safety-conscious.
Tsk tsk tsk, still too naive, Dario.
Did you forget how your Sam brother played Musk for a fool back in the day?
Reference links:
[1] https://www.bloomberg.com/news/articles/2026-09-13/anthropic-said-to-choose-nasdaq-for-much-anticipated-ipo-listing
[2] https://www.businessinsider.com/openai-ipo-sam-altman-ai-safety-concerns-2026-9
This article is from the WeChat public account "QbitAI", author: Focus on Frontier Technology
