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    Artwork for Decoder with Nilay Patel
    Episode

    Inside Anthropic’s trillion-dollar AI gamble

    Decoder with Nilay Patel · Oct 29, 2026 · 45 min

    Today, I’m joined by Joey Brookhart, an analyst at the chip and AI research firm SemiAnalysis, to help me dig into the story inside the massive Anthropic IPO filing. This isn’t just about a single company’s financials, or its lofty ambitions or frankly ludicrous risk factors, which include maybe automating every job or, you know, killing everyone. It’s also the clearest look yet at how the…

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