Why going second could be OpenAI’s advantage over Anthropic
Anthropic is expected to file its S-1 publicly as soon as next week, opening a run of AI
listings that includes OpenAI behind it. PitchBook senior research analyst Harrison Rolfes
joins Market Catalysts host Julie Hyman to explain what he is looking for in the filing, why
compute obligations may matter more than revenue growth, and why the company that files
second may end up with the better outcome.
Featuring:
Harrison Rolfes, Senior Research Analyst, PitchBook
Julie Hyman, Host, Market Catalysts, Yahoo Finance
00:00 What the S-1 has to answer
01:12 Does the SpaceX debut tell us anything
01:48 What OpenAI learns by going second
02:24 Why Anthropic still gains by going first
03:36 Databricks, Stripe, Discord and who follows
04:48 The case for a boring, profitable listing
