#Polymarket每日热点 Based on publicly available information and industry analysis, the timing of Anthropic and OpenAI's IPO is uncertain, but overall, Anthropic may go public before OpenAI. The predictive logic is as follows:

1 Anthropic is more proactive in preparing for the IPO
According to media reports such as The Information, Anthropic has engaged with investment banks and law firms in preliminary discussions, planning to launch its IPO as early as October 2026, and is accelerating its preparations for going public.
The company recently completed a $30 billion financing round, with its valuation soaring to $380 billion, providing ample financial reserves and valuation foundation for the IPO.
2 Internal disagreements and financial pressures at OpenAI
Although OpenAI plans to go public in Q4 2026, there are internal disagreements about the timing. CEO Sam Altman wants to go public as soon as possible, while CFO Sara Frier believes the company needs more time to optimize its financial structure.
OpenAI is expected to achieve positive free cash flow only by 2030, with cumulative losses possibly exceeding $200 billion, indicating significant financial pressure that could impact the IPO schedule.
3 Market preferences and differences in business models
Anthropic focuses on the enterprise market, with rapid revenue growth, stable willingness to pay among corporate clients, and a relatively clear path to profitability, aligning better with public market investors' expectations for “sustainable profitability.”
Although OpenAI has a large user base, it relies on consumer subscription revenue, and its profitability model is heavily influenced by user growth and payment rates. Market confidence in its long-term profitability is relatively weaker.
In summary, Anthropic has advantages in IPO readiness, financial structure, and market positioning, and may go public before OpenAI. However, the specific timing still depends on the actual progress and regulatory approval of both companies.