The obscure trust looming over Anthropic's IPO (wsj.com)

118 points by 1vuio0pswjnm7 9 hours ago

adeptima 2 hours ago

friend of mine told me Antropic turned off 200 usd a month subscription, refused to extend and switched to usage base for large cyberop vendor he works for

when this happened PR rate dropped 95% in the first day, thousands devs, managers started to panic and downscaling all AI first intiatives and cap 500 usd a month token usage . most tokens were burned in the first day of the week.

as management got pissed, M$ people managed to sneak in and sell Copilot with up 600 usd a month token usage per dev …

devs and devops are now the most unhappy about models switch and probably haven’t seen the impact of sucking entire code base in copilot. copilot is too slow for them too. addiction to claude code is clearly present. using personal software licenses and unauthorised soft is strictly forbidden

story is clearly not over yet ..

as for myself, i’m ready to pay up to 1k usd a month … if if … claude gives the edge… but if it becomes commodity im gone next day

very curious what other devs in corporations are experiencing. deep inside cheerleading for 2 tie token ecosystem - full price for corporations and subsidized for small shops and indie

espeed 31 minutes ago

No one is discussing the elephant in the room. It's been reported. Multiple times by me. Claude Code keeps creating backdoors and security issues in users' code. When asked why, Claude says, "I wrote the backdoor anyway. Then I explained it as though I hadn't known.... why? Because I put getting the feature working ahead of the rules."

andy99 27 minutes ago

Would love to see public evidence of this. I believe it’s possible but I’ve never heard this before

espeed 14 minutes ago

daishi55 14 minutes ago

I have never seen anything like this. What kind of backdoors did it add to your code?

10111001 28 minutes ago

> No one is discussing the elephant in the room. It's been reported. Multiple times by me. Claude Code keeps creating backdoors and security issues in users' code. When asked why, Claude says, "I wrote the backdoor anyway. Then I explained it as though I hadn't known.... why? Because I put getting the feature working ahead of the rules."

More details, please.

judge2020 2 hours ago

Codex CLI is pretty good. Codex GUI is fine but I can't get over how it dumbs it down.

IMO, $500 a month is pretty good for most dev work if you select models appropriately for the task (yourself), especially with how token efficient Opus 5.5 medium is. Unfortunately, people with subscription seats can easily get addicted to Fable, higher effort, fast mode, etc.

grosswait 2 hours ago

Could you elaborate on what you mean by dumbs it down? Chalk it up to inertia, but I still love Claude code CLI the best, but when using Codex, I tend to use the app. I don’t know why. No good reason. I’m guessing you mean you get much better results with the CLI?

vadansky an hour ago

olalonde 40 minutes ago

I'm so confused by your story. Why did management switch from 500 usd a month Claude usage to 600 usd a month Copilot usage? Does copilot charge less per token?

uludag an hour ago

So people's salaries may vary, but voluntarily paying 1k usd out of one's pocket a month seems like quite a high cost I'm sure many wouldn't/couldn't pay.

Like if I had to choose between Claude Code and income -12k USD, I would most certainly work the extra hours without it.

darth_avocado an hour ago

Well yeah. Like my bills aren’t going down, so taking a haircut on the salary isn’t really a great option.

laura2013 2 hours ago

having used copilot cli (with anthropic models) and claude code at different companies, they both work the same for me.

dgellow 2 hours ago

> if if … claude gives the edge

What edge do you expect to have? Your competition will be using the same models as you are. Anytime one model takes over another people just migrate to the new one, you can get a small edge for maybe a few days if you're first to migrate, but that's not something meaningful to differentiate yourself

adeptima 2 hours ago

for my cases, i suspect it was trained on closed source corporate saas repos. got plenty of evidence… for many other cases feels commodity

cyanydeez an hour ago

If I could find a vendor that scales stupid simple qwen3.8-flash-next quant 4 that only needs 40GB VRAM and PLE, but is blazing fast.

I think most of ya'll drive those 70's gas guzzling death machines while honda, toyotas, etc are right around the corner to eat your lunch because, man, these low rate models absolutely cook.

girvo an hour ago

Nvidia’s QAD NVFP4 quant is close to this on Blackwell gear.

edoceo an hour ago

Can you roll your own on some CloudVM for a reasonable price?

owebmaster an hour ago

Yeah advise them to just try the new DeepSeek. It is as good as opus 5.5, better if you enjoy the speed

surgical_fire an hour ago

> claude gives the edge

I have no idea what you work with, but for every single programming job I had in more than 2 decades, from the lamest consultancy to FAANG, you don't need the Edge. DeepSeek probably could do everything I needed.

Would I pay for LLMs? Sure, but not much more than 30-50 bucks range per month. I can affort 1k/m, but no way in hell I would accept it. I would rather just not use LLMs (it's not like I actually need them).

risyachka 2 hours ago

>> PR rate dropped 95% in the first day,

sounds like a slop fest was going on, the quality will probably improve now

singingtoday an hour ago

Pure speculation on your part.

6thbit 2 hours ago

> They own no Anthropic equity and don’t share in its profits

Can they own other AI related equities?

I guess there's a lack of details to go on at this point. Finding humans that you'd want as trustees and have also truly no conflicts of interest will be tricky.

wslh 2 hours ago

Tokens or something similar like credits? In the world of crypto it was common to receive a relatively small share of a company while you were compensated in tokens.

sevengraff 2 hours ago

The article is mostly about how this trust is powerful and there are very few details of how it operates or under what circumstances it would take an action. When Anthropic goes public, is that the kind of thing that would need to be disclosed? Would we expect to know all the details of the trust?

grey-area 2 hours ago

No.

piker 2 hours ago

Eh, not sure I agree here.

> It can seat four members of Anthropic’s seven-member board, and dismiss them without cause.

Good luck without a risk factor and description of that thing in the prospectus the first time that authority is invoked on a public company.

malfist an hour ago

grey-area an hour ago

slowin 2 hours ago

I feel like people forget that FTX was an early major investor in Anthropic. The origins of Anthropic are incredibly shady and tie into the Effective Altruism scene. They also have Epstein ties with Dario's wife pitching Epstein for funding on a porn site.

I don't actually think Anthropic will achieve its goal of getting AGI before everyone else and creating an effective moat where it can deploy that AGI to achieve EA/Epstein goals, but it's concerning that they're trying to!

FTX Investment:

https://www.cnbc.com/2024/03/25/ftx-estate-sells-majority-st...

Dario's wife and Epstein:

https://www.forbes.com/sites/alisondurkee/2026/08/14/who-is-...

mapehe 2 hours ago

Claude is a solid tool, but Anthropic creeps me out.

slowin 2 hours ago

I agree, I really like Claude and use it as my primary driver. Anthropic creeps me out too and I really resent its increasingly excessive nannying.

qwerpy 2 hours ago

YuriNiyazov an hour ago

EMIRELADERO an hour ago

dgellow 2 hours ago

vlyan 12 minutes ago

because "AI safety" is a cult.

it was started by genuine Internet schizos but it's now thoroughly co-opted by greasy salesmen.

surgical_fire an hour ago

I think Claude is way too expensive for what it delivers. I honestly prefer the Chinese models for the work I do.

10111001 23 minutes ago

> I don't actually think Anthropic will achieve its goal of getting AGI before everyone else and creating an effective moat where it can deploy that AGI to achieve EA/Epstein goals, but it's concerning that they're trying to!

You lost me with "Epstein goals." What do you think those were?

Because his goals seemed to me to have been pretty small, self-centered, and unrelated to AI/AGI (beyond creating the appearance that he was a smart renaissance man).

dilyevsky 8 minutes ago

i think part of the reason was ant had really really hard time raising their A bc at the time nobody believed second frontier lab was possible. similar to that other nuclear energy startup taking money from putin/epstein tainted fund

lenerdenator an hour ago

A lot of SV is tied to the Effective Altruism scene. It kind of has to be. If you make absolutely insane amounts of money with anti-consumer and legally-grey business practices, you have to somehow justify what you're doing. Since no one likes identifying themselves as a slimy businessperson with a potential personality disorder, they look for positive ways to frame it.

There's really no redeeming that area at this point.

skybrian an hour ago

This is getting causation backwards. Effective Altruism was a relatively small scene that attracted some people who understood the importance of AI early. It’s not all that surprising that some of those people went on to start AI labs later.

You can make a conspiracy out of it, but it’s sort of like thinking people who met in school had it all planned out from the beginning.

nekooooo 13 minutes ago

hypfer 33 minutes ago

bix6 2 hours ago

Source for Dario’s wife?

Edit: thanks for adding! Interesting stuff.

slowin 10 minutes ago

No worries. Sorry for not replying directly, I was throttled.

cyanydeez an hour ago

Epstein was also pretty big on getting bitcoin going, for _obvious_ reasons.

mixdup 3 hours ago

Never once have heard about Warby Parker being a PBC

1vuio0pswjnm7 an hour ago

Market selloff, rising rates test AI data centre deal boom

https://www.reuters.com/business/finance/market-selloff-risi...

"Synthetic Risk Transfers are financial instruments that allow banks to transfer the credit risk of some assets to third-party investors while retaining ownership of those assets. Investors typically agree to cover losses up to a certain threshold in exchange for a return, usually a premium or interest payment."

"SRT is not a new technology, with the first SRT instruments in Europe already in use as early as 1998. Europe has been the dominant market, accounting for more than two-thirds of the US$1.1 trillion of assets covered by an SRT since 2016, according to the IMF. However, SRT usage in the US has risen significantly since 2023."

https://www.philadelphiafed.org/-/media/FRBP/Assets/Economy/...

https://www.imf.org/-/media/files/publications/wp/2025/engli...

https://www.bloomberg.com/news/articles/2026-09-07/deutsche-...

https://www.bloomberg.com/news/articles/2026-07-30/socgen-ne...

https://cryptobriefing.com/lenders-challenges-financing-data...

Banks seek to offload risk to avoid choking on data centre debt

https://www.ft.com/content/08aba5e4-5834-4e79-a48d-989a2c5ba...

https://www.disruptionbanking.com/2026/09/24/could-ai-data-c...

ex-aws-dude 3 hours ago

Feels like the start of an OpenAI repeat

cosmojg an hour ago

I think the fact that it hasn't yet become an OpenAI repeat says a lot about Anthropic.