AI Companies Weigh Early IPOs as Risks Mount

Wall Street advisers are pressing Anthropic and OpenAI to complete IPOs before the end of 2026, citing both valuation concerns and the prospect of heightened congressional scrutiny after the November elections. Anthropic is expected to file its S-1 shortly for a possible offering before Thanksgiving, while OpenAI has stated it will not go public this year and has cited AI safety priorities. A separate development shows major banks conducting scenario planning for potential AI-driven disruptions, including unauthorized agent actions on customer accounts and broader cybersecurity threats. These preparations occur alongside a reported secondary offering by Meta intended to fund continued AI infrastructure spending. Polls cited in one account give Democrats roughly a 70 percent chance of Senate control and strong House prospects, raising the possibility of new oversight on data-center power use and job impacts. Banks have blocked some agent access while exploring read-only alternatives, and executives such as JPMorgan’s Jamie Dimon have described the need to manage rather than halt AI development. No public data from either outlet confirms a broad Nasdaq decline or specific share-price drops in Nvidia or Tesla tied to these events.