Fortune Term Sheet· Melissa Stevens·2026-10-17 18:00· 19 hours agoAI Score8

A Third Wave of Philanthropy Is Coming as Anthropic and OpenAI Race Toward IPOs

In nearly 2 decades of leading philanthropy at the Milken Institute, I’ve never seen a tidal wave like the one that’s coming

AI Overview

Anthropic and OpenAI are both racing to IPO in the coming months at estimated valuations of at least $1 trillion each.

Source:Fortune Term Sheet · fortune.com

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