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AI firms testify as New York threatens subpoenas

By Drooid · Oct 5, 2026, 6:10 PM UTC · How we work

Summary

AI Leaders Testify

Anthropic, OpenAI, Google and Meta leaders testified under oath at a New York AI hearing.
Council Speaker Julie Menin threatened subpoenas before the firms agreed to appear.
Anthropic researcher Jacob Coxon and ex-Google DeepMind scientist Alex Turner accused the firms of gambling with lives.
The council considered bills rewarding AI whistleblowers and permitting lawsuits against developers.
Proposals would require third-party model validation, 24-hour incident reporting, AI plans, and $25,000 penalties.

Summary

Anthropic Plans IPO

Anthropic will launch an IPO the week of Nov. 9, 2026, targeting a $2 trillion valuation.
Alphabet owns roughly 15% of Anthropic.
Amazon holds between 15% and 20% of Anthropic.
If the IPO proceeds, Amazon and Alphabet could unlock $300-$400 billion in liquid assets.
Nvidia and Broadcom stand to benefit as the top computing-hardware companies from Anthropic’s listing.

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AI Leaders Testify

Anthropic, OpenAI, Google and Meta leaders testified under oath at a New York AI hearing.
Council Speaker Julie Menin threatened subpoenas before the firms agreed to appear.
Anthropic researcher Jacob Coxon and ex-Google DeepMind scientist Alex Turner accused the firms of gambling with lives.
The council considered bills rewarding AI whistleblowers and permitting lawsuits against developers.
Proposals would require third-party model validation, 24-hour incident reporting, AI plans, and $25,000 penalties.

1 / 2