Noah Smith, Brad DeLong, Dan Wang Discuss Anthropic IPO

Noah Smith, Brad DeLong, and Dan Wang discuss the prospective Anthropic initial public offering on a podcast episode, debating whether AI companies will transform economic capital structures into oligopolistic conglomerates or face severe limits beyond basic coding tasks. The participants evaluate a bull case where companies must tie their capital structures directly to frontier AI providers, alongside skeptical arguments regarding whether current large language models can truly reason out of sample. Open article →