Anthropic is expected to beat OpenAI to public markets with a blockbuster IPO later this year despite recent doomsday warnings, though questions remain about business models and whether regulators should step in. Concerns escalated this month after Jacob Coxon resigned from Anthropic while warning the industry was “gambling with our lives”; he previously worked at OpenAI. Anthropic CEO Dario Amodei has called for AI development to slow down but didn’t say anything about the IPO. The fracas forms a backdrop for highly anticipated IPOs from both OpenAI and Anthropic, though it’s unclear if either will address theoretical doomsday scenarios in securities filings. Anthropic could submit that document to the SEC as early as this month. Chamath Palihapitiya said if it’s true, investors “will demand an enormous discount.” Brad Gerstner, who has shares in both companies, downplayed concerns, saying “Anthropic will IPO” and the market knows how to price risk. Elon Musk’s SpaceX raised a record $85 billion in its June IPO, but its stock has lost around a quarter of its value since peaking at around $202 a share. How Anthropic’s IPO performs will set the tone for OpenAI’s debut next year. OpenAI CEO Sam Altman said this weekend the company would delay its own IPO until 2027, citing safety concerns. OpenAI is in talks with investors about raising a new round of funding with a valuation of at