Yesterday in AI: 01 June 2026 — Anthropic's $965B IPO Bet

Anthropic files a confidential S-1 targeting a near-$1 trillion IPO; NVIDIA drops Nemotron 3 Ultra at Computex; GitHub Copilot switches all plans to token-based billing on June 1.

By OMC Editorial on 2026-06-02

TL;DR — Anthropic filed a confidential S-1 with the SEC on June 1 at a $965B valuation and $47B annualized revenue, beginning a near-$1 trillion IPO run; NVIDIA unveiled Nemotron 3 Ultra at Computex 2026, a 550B-parameter open-weights MoE model now leading the US intelligence index; GitHub Copilot switched all plans to usage-based AI Credits billing on June 1, sparking sharp developer backlash. --- 1️⃣ Anthropic Files Confidential S-1 — $965B Valuation, $47B Run-Rate - What: Anthropic submitted a confidential draft Form S-1 to the SEC on June 1, 2026, beginning the formal process toward a public listing. - Why it matters: At $965B, Anthropic would debut as one of the largest tech IPOs in history and, if markets cooperate, would cross $1 trillion on day one alongside SpaceX and OpenAI in a once-in-a-generation AI listing trifecta. - Key number: $47B — Anthropic's current annualized revenue run-rate, up from near-zero at its 2021 founding. Anthropic's IPO move follows its February 2026 $65B funding round that pushed its private valuation to $965B. The confidential S-1 track lets the company avoid disclosing financials until 21 days before its roadshow, giving it flexibility to price off private comparables rather than live market sentiment. Analysts at most banks covering the deal put a $1 trillion+ debut as the base case if markets hold. Revenue has been driven almost entirely by enterprise adoption of Claude for coding and agentic workflows. The three main pillars — the Claude API, Claude Code enterprise subscriptions, and Amazon Bedrock's Claude deployment — each crossed multi-billion-dollar run-rates in the past 12 months. The IPO would mark the first public test of whether AI infrastructure revenue at scale commands software multiples or compute-company multiples. 📎 Washington Posthttps://www.washingtonpost.com/technology/2026/06/01/anthropic-maker-claude-files-with-sec-go-public-an-ipo/ · CNN Businesshttps://www.cnn.com/2026/06/01/tech/anthropic-ipo-fili