Anthropic Beats OpenAI To IPO

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Happy Tuesday, Future Party. If you spent any part of the ‘90s mashing buttons through the Sega classic Streets of Rage, do we have some news for you. The side-scrolling brawler is finally headed to the big screen after years in development, with Jeymes Samuel directing and the writers behind the Sonic movies penning the script. Turns out one of the safest bets in Hollywood right now is whatever you were playing in middle school.

Anthropic confidentially filed to go public on Monday, getting in line ahead of OpenAI. In a race this big, nobody wants to fall behind.

Why It Hits: When two rivals are racing to go public, the company that lists first often captures much of the available capital before the other even rings the bell. So, Anthropic moved early.

Reading The Tape: While the company may not have needed to file so quickly, it did anyway — and the reasons stack up.

Follow The Money: Racing jargon aside, an IPO is essentially a fundraiser. Amodei says Anthropic is seeing “unprecedented demand,” and meeting it requires staggering amounts of computing power from companies like Amazon, Google, and Microsoft. That money has to come from somewhere, and Wall Street happens to have plenty of it.

The catch is that taking the cash also means opening the books. For all the buzz around Claude, nobody outside the company knows whether Anthropic is actually profitable. Per The NYT, its run rate hit $47 billion in May, but how much of that makes it to the bottom line is still anyone’s guess.

The Long Bet: If Anthropic’s debut goes well, expect a lot more AI tickers to follow. If it stumbles, though, this summer’s IPO gold rush could cool quickly.

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Summer is officially underway, and at some of America’s priciest sleepaway camps, the counselor job now comes with a networking opportunity attached, according to Bloomberg. At camps that can run $15,000 for seven weeks, the lake now comes with a résumé line.

The Sell: With roughly 5,500 overnight camps competing for families, the elite ones are repackaging the great outdoors as a career accelerator. Most counselors are former campers, so the pitch is simple: come back to staff the place, leave with a network.

Around The Campfire: The pitch is no longer just fresh air and friendship — it’s career development with a side of s’mores.

The Catch: But here’s the awkward part: the same privilege that buys access to the network is often the thing applicants are coached to downplay. Hannah Skaran, an admissions consultant at Ivy Coach, advises students to leave camp off their college applications because “summer camps signal privilege.” Admissions officers, she says, “want to see that you participated in meaningful activities related to your academic passions and goals.” Not a receipt.

Lights Out: If a $15,000 summer job can double as an internship, the rest of childhood may not be far behind. Somewhere, a camp is probably already building its first careers page.

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41.3% of you voted Neutral — it depends on the film in yesterday’s poll: How interested are you in film franchises?

“It’s very hard for a franchise to be surprising. ‘More of the same’ is baked into the whole concept of a franchise.”

“Film first, franchise second — if I even care.”

“Just like a good book, it depends on the characters and storyline. If there are things that still need to be told, then bring on the additional films.”

“I’m a Marvel guy, so I follow all of them religiously. I hope Game of Thrones gets turned into a big-screen movie soon. I’m also guessing those fairy smut books will become a major hit.”

Let’s keep the conversation going. Join Poll Of The Day, so your opinions can shine. Discover how your views line up with your peers’, check out cool insights, and have some fun. It’s data with personality.

🎲 Barry Diller is making an $18 billion play for MGM Resorts, betting that casinos and live experiences will remain some of the most valuable assets in an AI-driven world.

🏈 ESPN has signed a new two-year deal with the Women’s National Football Conference, deepening its commitment to women’s tackle football with continued ESPN2 coverage and increased marketing support.

🎧 Quinn is tapping into the growing appetite for steamy storytelling, recruiting stars from Heated Rivalry to build out its library of immersive audio erotica.

🤖 Nvidia has unveiled Cosmos 3, an open AI world model designed to help robots and autonomous systems better understand the physical world as the company pushes further beyond chips and into AI infrastructure.

🔍 DuckDuckGo is responding to growing AI fatigue with new tools for its AI-free search experience as more users look beyond Google.

🇩🇪 Uber and Israeli AI startup Autobrains see Munich as an ideal launchpad for robotaxis, where dense city streets and high-speed highways can put autonomous driving to the test at scale.

🍽️ Nearly 40% of Americans admit they’ve gone on a date just for the free food — a sign that inflation may be reshaping modern romance.

✈️ Despite higher fuel costs, JetBlue says travel demand remains strong across its network, suggesting consumers are still prioritizing travel.

🧬 Nucleus Genomics has partnered with the Southern California Reproductive Center, bringing its Genetic Optimization platform to one of the country’s most in-demand fertility clinics as interest in advanced embryo analysis continues to grow.