Back to Articles
Safety Will Be the Collateral as AI Companies Rush to Wall Street

Crikey

READ

Details

Date Published
7 Sept 2026
Priority Score
4
Australian
Yes
Created
7 Sept 2026, 02:00 am

Authors (1)

Description

Public listings of AI monoliths like Anthropic and OpenAI will intensify pressure on innovation and revenue — and thus on weakening the safety measures that distinguished the companies in the first place.

Summary

The impending public listings of frontier AI labs like Anthropic and OpenAI signal a shift from safety-first ideologies to profit-driven market demands. This transition to public ownership creates structural incentives that may force companies to bypass rigorous safety protocols in favor of rapid capability scaling and revenue growth. Such a trend significantly increases the risk of catastrophic outcomes as market competition undermines the cautious governance frameworks these organizations were originally founded to maintain. This development is particularly relevant to global AI governance, as it highlights how traditional corporate structures may be incompatible with the long-term mitigation of existential AI risks.

Body

Two companies founded on the premise that AI is too dangerous to be driven purely by profit are now racing each other to Wall Street. In June, OpenAI and Anthropic both confidentially filed for initial public offerings (IPOs), with investors eyeing valuations around US$1 trillion for OpenAI and as much as US$2 trillion for Anthropic. Their arrival onto public markets will follow Elon Musk’s SpaceX — the owner of frontier lab xAI — which closed the day of its Nasdaq debut in June at a record-shattering valuation of US$2.1