Today on the AI Daily Brief, huge news out of Anthropic as the company hires a former OpenAI co-founder and has their first ever quarter of profitability.

Before that in the headlines, Open AI is on the precipice of filing for an IPO.

The AI Daily Brief is a daily podcasted video about the most important news and discussions in AI. All right, friends, quick announcements before we get going. First of all, thank you to today's sponsors, KPMG, robots and pencils, assembly, and section. To get an ad-free version of the show, go to patreon.com slash AI Daily Brief, or you can subscribe on Apple Podcasts. If you want to learn more about sponsoring the show, send us a note at sponsors at AIDailyBrief.aI.com.A.I. Daily Brief, or you can subscribe on Apple Podcasts. If you want to learn more about sponsoring the show,

send us a note at sponsors at AIdailydief.aI.com. And AIdailybrief.com is also where you can find out

about everything else going on in the broader OpenAI ecosystem. We got some juice today, man.

One of the biggest things that markets are watching is the moves that the big labs are making

vis-a-vis going public,

and the Wall Street Journal reports that OpenAI has engaged investment bankers and expects to file

IPO paperwork as soon as Friday. They will file confidentially, meaning that full financial

disclosure won't be required until much later. Now, to be clear, if you're not familiar with

this process, filing is only the first step in an overall process that will take several months. SpaceX, for example, filed at the beginning of April

and are expected to begin trading in mid-June, and their 10-week sprint is absolutely on the faster

end of IPO listings. Sources said that OpenAI has set the goal of being ready to IPO by September.

The journal noted that the resolution in the Elon Musk lawsuit has cleared the way of being ready to IPO by September. The journal noted that the resolution

in the Elon Musk lawsuit has cleared the way, although unlikely it was possible that that

lawsuit could have unwound OpenAI's for-profit conversion, sending them back to the drawing board

on the IPO. OpenAI's newfound haste could change the IPO race pretty significantly. Up until now,

it seemed like Anthropic might get

out first with their reported target of October, but Anthropic is said to be putting together

one last private round, meaning it's unlikely they'll be able to move up their timeline to match OpenAI.

When I was doing my 2026 predictions, one that very clearly I will get wrong was I thought

that ultimately Anthropic and Open AI would not go public this year, based on just what a pain in public markets can be when you're trying to move fast, as well as the seemingly endless amount of funding in the private markets. But the circumstances have clearly changed. The constraints on computer are even greater than I had imagined. And so public market access is looking even more important than it might have just a couple of months ago.

...