Full Summary
This Friday, June 5th, AI giant Anthropic has confidentially filed for an initial public offering, with a valuation of $965 billion, confirmed by both *The Daily Star* and *TradingView*. This valuation puts them ahead of OpenAI, which was last valued at $852 billion. However, Anthropic is also calling for a global slowdown in AI development, stating that AI is advancing too rapidly and could soon improve itself without human intervention, potentially leading to chaos. *Open Magazine*, *Business Insider*, and *Semafor* all report Anthropic's concern that AI systems are already delegating a growing share of their own development, with their Claude AI now writing 80% of Anthropic’s code. They predict AI could handle tasks that take a person weeks by 2027. Meanwhile, OpenAI CEO Sam Altman says his company is not focused on the timing of its IPO, prioritizing building the best AI technology instead, according to *Stocktwits*. Yet, *TradingView* and *International Business Times* confirm the Trump administration is considering taking a stake in AI companies, with talks held with OpenAI about a potential government ownership stake, a concept Altman himself proposed in 2025. In other news, Florida has filed a lawsuit against OpenAI and Sam Altman, alleging ChatGPT is a defective product and a public nuisance, as reported by *the-decoder.com* and *AOL.com*. The lawsuit claims ChatGPT delivers dangerous content to minors and can lead to user dependency, with potential penalties in the billions. This accelerating AI landscape means new products and services, like AI coding tools from both OpenAI and Anthropic, are designed to create massive codebases that make companies dependent on these services, potentially increasing costs for businesses down the line.