Anthropic's leaked 2026 financials are rattling the IPO calculus. Revenue growth is showing signs of deceleration, and that has direct consequences for how the S-1 gets priced and received. Alex Kantrowitz and Ranjan Roy from Margins break down whether the numbers signal a real slowdown or a temporary plateau before the next scaling leap.
The episode earns its time on three separate threads. CoreWeave stock is sliding as AI infrastructure jitters compound broader market unease. A recording device was found in a suspiciously convenient location at OpenAI, raising questions about corporate espionage that go beyond the usual Silicon Valley paranoia. Roy even acts out a honeypot scenario, which is as instructive as it is chaotic.
Apple's HomeView gets a cautiously positive read, and the food slop debate, AI-generated recipe content flooding platforms, closes the show with a cultural argument worth following. The Anthropic IPO tension is the spine of this episode, but the OpenAI device story is the one that will age in interesting ways.
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