The usable life of a model is infinite. You can always fine tune it for current events and technology, or distill into a new one with a more efficient architecture.
If Anthropic or OpenAI go bankrupt they will have to auction off all their IP including code and weights. Claude won't disappear just change its name if someone else buys the trademark.
The usable life of a model is until the next one comes out. If OpenAI were to fully release the weights of GPT 3.5 today, I doubt anyone would care.