{"id":9337,"date":"2026-06-16T14:57:30","date_gmt":"2026-06-16T14:57:30","guid":{"rendered":"https:\/\/friscotimes.org\/?p=9337"},"modified":"2026-06-17T09:14:11","modified_gmt":"2026-06-17T09:14:11","slug":"anthropics-ipo-pitch-has-a-new-problem-the-government-can-shut-it-down","status":"publish","type":"post","link":"https:\/\/friscotimes.org\/?p=9337","title":{"rendered":"Anthropic\u2019s IPO pitch has a new problem: The government can shut it down"},"content":{"rendered":"\n

Anthropic has filed confidentially to go public as soon as this fall, pitching investors on a single thesis: that it leads the enterprise AI market and intends to transform the world with it.\u00a0<\/p>\n

\n

But it has a problem that just won\u2019t go away: the U.S. government becoming its outright adversary. For a company carrying a nearly $1 trillion valuation into a public offering, it has been blacklisted twice now by the federal government, forcing investors to consider whether that mega-valuation is fully pricing in the fact that the government is willing to switch off its flagship product overnight.\u00a0<\/p>\n

After a shock announcement on Friday that Anthropic would be taking its two newest models, Fable 5 and Mythos 5, offline owing to the Commerce Department barring foreign nationals from using it, the feud has not let up. It followed a blacklisting by the federal government over national security concerns in\u00a0March. <\/p>\n

Secretary of War Pete Hegseth took a victory lap, indicating the government will maintain its enmity with Anthropic. \u201cThree months ago, [the Department of War] kicked Anthropic out of our building\u2014forever,\u201d he posted on Sunday. \u201cEvery passing day proves why that was the right move.\u201d<\/p>\n

Even as Anthropic sent senior technical staff to Washington over the weekend to argue against the export control, the Department of War wrote on X that it has moved at least two-thirds of its AI workflows off Anthropic\u2019s models since the two clashed over military use of Claude. The department, it announced Monday afternoon, \u201cwill no longer be single-threaded to one AI provider.\u201d Its warfighters would instead get \u201ca diverse suite of AI capabilities to ensure they achieve true decision superiority.\u201d<\/p>\n

\u201cHeck yeah there\u2019s regulatory risk,\u201d said David Linthicum, a longtime cloud analyst, who argued that anyone betting on these companies should have seen government intervention coming. Pour trillions into building something powerful enough to scare people, and the government\u2019s interest is clearly part of the deal. He doesn\u2019t expect the standoff to last: Within 48 hours, he figures, Anthropic and the administration will kiss and make up\u2014\u201cand then in six weeks it\u2019ll happen again, and Anthropic will have to make another trip down.\u201d<\/p>\n

That reactive style of regulation isn\u2019t just inefficient, he said; it carries a \u201cchilling effect\u201d on research. OpenAI might now think twice before shipping its next model, wary of losing billions in revenue to the same kind of order. And foreign customers may drift toward homegrown options: China has its own; Europe has no real answer.<\/p>\n

But Anthropic hurts itself the most by getting into such a battle with the federal government, Linthicum said, not to mention its theoretical future valuation and stock price.<\/p>\n

Amazon\u2014an Anthropic frenemy?<\/strong><\/h2>\n

It seems strange that the trigger was one of Anthropic\u2019s biggest investors: Amazon\u2014in for some $8 billion with up to $25 billion more committed\u2014has Anthropic to thank for more than half of its record profits last quarter. Media reports say that Amazon researchers tested Fable once it was released; found they could get Fable to cough up software vulnerability information by just rephrasing a question; carried it to the White House; and the export control followed. <\/p>\n

Why would a company tattle on a product it owns a slice of? The benefit-of-the-doubt view is that they were genuinely unnerved by what they saw in Fable, and wanted to keep the U.S. government informed. Some reports suggest that they brought the information to Anthropic before the White House.<\/p>\n

But other analysts are more cynical: After all, Amazon owns a slice of the competition, too. Ranked No. 1 on the Fortune 500, the company sells rival models through its Bedrock platform and is running the same race Anthropic is; so Amazon \u201cwill view Anthropic as the enemy in many cases,\u201d\u00a0Linthicum said.<\/p>\n

Dion Hinchcliffe, an analyst who tracks enterprise AI at the Futurum Group, added that Amazon is losing the frontier lab race, and so it doesn\u2019t much hurt them if the clear leader of the pack trips up.\u00a0<\/p>\n

How dangerous the flaw even was is itself in contestation. Anthropic called the vulnerabilities minor and said rival models\u2014OpenAI\u2019s GPT-5.5 among them\u2014could surface the same thing with no jailbreak at all. Dozens of security executives signed a letter Sunday, organized by former Facebook security chief Alex Stamos, calling the capability a normal feature of any model built to write secure code. Since the models the government flagged as dangerous are the same ones companies use to find flaws in their own code, taking them offline cuts both ways, said Veracode cofounder Chris Wysopal, who signed the letter. Hurt the attackers, and you hurt the defenders too.<\/p>\n

That doesn\u2019t mean you give up on finding bugs, Wysopal said, but jailbreaks are a permanent cat-and-mouse game that no useful model ever fully wins; the normal fix is to tell the company and let it patch, not to invoke export controls. \u201cThere\u2019s nothing open and public about how we are determining this,\u201d he said.\u00a0<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

Anthropic has filed confidentially to go public as soon as this fall, pitching investors on a single thesis: that it leads the enterprise AI market and intends to transform the…<\/p>\n","protected":false},"author":48,"featured_media":9338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[6],"tags":[9628,314,5830,9680,3353,9681],"jetpack_publicize_connections":[],"yoast_head":"\nAnthropic\u2019s IPO pitch has a new problem: The government can shut it down - Frisco Times<\/title>\n<meta name=\"description\" content=\"\u201cHeck yeah there\u2019s regulatory risk,\u201d said David Linthicum, a longtime cloud analyst.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/friscotimes.org\/?p=9337\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Anthropic\u2019s IPO pitch has a new problem: The government can shut it down - 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