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The obscure trust looming over Anthropic's IPO

120 points • by 1vuio0pswjnm7 • today at 12:06 PM • 82 comments • view on HN

Comments

adeptima • today at 7:08 PM

friend of mine told me Antropic turned off 200 usd a month subscription, refused to extend and switched to usage base for large cyberop vendor he works for

when this happened PR rate dropped 95% in the first day, thousands devs, managers started to panic and downscaling all AI first intiatives and cap 500 usd a month token usage . most tokens were burned in the first day of the week.

as management got pissed, M$ people managed to sneak in and sell Copilot with up 600 usd a month token usage per dev …

devs and devops are now the most unhappy about models switch and probably haven’t seen the impact of sucking entire code base in copilot. copilot is too slow for them too. addiction to claude code is clearly present. using personal software licenses and unauthorised soft is strictly forbidden

story is clearly not over yet ..

as for myself, i’m ready to pay up to 1k usd a month … if if … claude gives the edge… but if it becomes commodity im gone next day

very curious what other devs in corporations are experiencing. deep inside cheerleading for 2 tie token ecosystem - full price for corporations and subsidized for small shops and indie

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6thbit • today at 7:19 PM

> They own no Anthropic equity and don’t share in its profits

Can they own other AI related equities?

I guess there's a lack of details to go on at this point. Finding humans that you'd want as trustees and have also truly no conflicts of interest will be tricky.

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sevengraff • today at 7:12 PM

The article is mostly about how this trust is powerful and there are very few details of how it operates or under what circumstances it would take an action. When Anthropic goes public, is that the kind of thing that would need to be disclosed? Would we expect to know all the details of the trust?

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mixdup • today at 6:24 PM

Never once have heard about Warby Parker being a PBC

slowin • today at 7:26 PM

I feel like people forget that FTX was an early major investor in Anthropic. The origins of Anthropic are incredibly shady and tie into the Effective Altruism scene. They also have Epstein ties with Dario's wife pitching Epstein for funding on a porn site.

I don't actually think Anthropic will achieve its goal of getting AGI before everyone else and creating an effective moat where it can deploy that AGI to achieve EA/Epstein goals, but it's concerning that they're trying to!

FTX Investment:

https://www.cnbc.com/2024/03/25/ftx-estate-sells-majority-st...

Dario's wife and Epstein:

https://www.forbes.com/sites/alisondurkee/2026/08/14/who-is-...

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1vuio0pswjnm7 • today at 8:12 PM

Market selloff, rising rates test AI data centre deal boom

https://www.reuters.com/business/finance/market-selloff-risi...

"Synthetic Risk Transfers are financial instruments that allow banks to transfer the credit risk of some assets to third-party investors while retaining ownership of those assets. Investors typically agree to cover losses up to a certain threshold in exchange for a return, usually a premium or interest payment."

"SRT is not a new technology, with the first SRT instruments in Europe already in use as early as 1998. Europe has been the dominant market, accounting for more than two-thirds of the US$1.1 trillion of assets covered by an SRT since 2016, according to the IMF. However, SRT usage in the US has risen significantly since 2023."

https://www.philadelphiafed.org/-/media/FRBP/Assets/Economy/...

https://www.imf.org/-/media/files/publications/wp/2025/engli...

https://www.bloomberg.com/news/articles/2026-09-07/deutsche-...

https://www.bloomberg.com/news/articles/2026-07-30/socgen-ne...

https://cryptobriefing.com/lenders-challenges-financing-data...

Banks seek to offload risk to avoid choking on data centre debt

https://www.ft.com/content/08aba5e4-5834-4e79-a48d-989a2c5ba...

https://www.disruptionbanking.com/2026/09/24/could-ai-data-c...

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ex-aws-dude • today at 6:40 PM

Feels like the start of an OpenAI repeat

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1vuio0pswjnm7 • today at 12:11 PM

[flagged]

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clod_sux_dik • today at 6:41 PM

[dead]

crystaln • today at 6:22 PM

[flagged]

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