## Market Snapshot

The market on “Will Anthropic or OpenAI IPO first?” has shifted dramatically. Anthropic now holds a 76% likelihood of IPOing before OpenAI, reversing the previous pricing where OpenAI led with a 76% chance.

## Key Takeaways

– Anthropic’s recent filing suggests a significant shift in market expectations regarding its potential IPO timing. – The new market dynamics are consistent with scenarios where Anthropic may IPO before OpenAI. – OpenAI’s probability of IPOing first has decreased, reflecting the impact of Anthropic’s recent actions.

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