Why Anthropic can't afford to delay its IPO

Anthropic's impending IPO will test a jittery Wall Street, but investors say the timing isn't optional. The reason is simple math: the AI giant has grown too big for private fundraising.Why it matters: Top AI companies like Anthropic and OpenAI are racking up 12-figure spending commitments, straining the financial system's ability to keep up with a buildout that rivals America's railroads or interstate highways.With private borrowing costs spiking, tapping the massive liquidity of the public markets is the best way to fund the next phase of the AI arms race, investors say.State of play: Anthro