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chooses Nasdaq, while OpenAI decides to postpone its IPO. The two most watched AI companies are giving the capital market two completely different answers. Anthropic calls for slowing down frontier model development while continuing to push for a 2026 IPO. It seems contradictory, but it is very realistic: safety research, computing power procurement, and talent competition all require huge funds. The more worried about technology getting out of control, the more money is needed to