AI Infrastructure Finance: Record IPOs and Massive Investments Reshape the Sector

The AI infrastructure finance landscape is experiencing unprecedented activity, with major players preparing for record-breaking public offerings and massive capital inflows. Anthropic is expected to go public in October at a valuation of $2 trillion or more, which would make it the largest IPO in history, driven by rapid revenue growth. Similarly, OpenAI's anticipated IPO is set to create a new generation of philanthropists, reviving the effective altruism movement after the Bankman-Fried scandal. These developments are attracting wealth managers who are courting equity-rich employees at both companies, shifting negotiating power towards clients.