Anthropic submits draft to go public:

Today, Anthropic, PBC confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission for a proposed initial public offering of our common stock. This gives us the option to go public after the SEC completes its review. The proposed initial public offering will depend on market conditions and other factors.

Something I learned over the weekend: Anthropic’s run-rate projections count token usage, not just subscriptions. Their revenue is probably not as stable as a normal SaaS company.