Find XO: Anthropic, OpenAI IPO Race, and the Shaken Price List of Founders Riding on It (techcrunch.com)

- Anthropic raised $65 billion in Series H, achieving a $965 billion valuation, and OpenAI submitted a secret S-1 at an $852 billion valuation. - Both companies are entering the IPO track together, and the market share fight is extending into token price cuts and lock-in contracts. - Cheaper tokens usually come with conditions that lock in customers. - Let's keep structures and renegotiation options that allow switching suppliers beyond today's lowest price.