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AXIOS (Zachary Basu) - Anthropic's growing pains mount ahead of OpenAI showdown

Anthropic is hitting turbulence at a critical moment, with a cascade of challenges converging ahead of a potential IPO that could value the company near $800 billion. Why it matters: The AI darling, whose revenue has tripled to $30 billion this year on the back of its wildly popular coding tools, has never been more valuable or more vulnerable. - Chief rival OpenAI senses opportunity in the Claude maker's recent stumbles, courting frustrated developers and pitching itself as the steadier alternative ahead of dueling IPOs. Zoom in: Anthropic's problems over the past two months span nearly every part of its business — product quality, pricing, security and capacity — and are starting to compound. 1. Model backlash: Perceived declines…

Anthropic is hitting turbulence at a critical moment, with a cascade of challenges converging ahead of a potential IPO that could value the company near $800 billion. Why it matters: The AI darling, whose revenue has tripled to $30 billion this year on the back of its wildly popular coding tools, has never been more valuable or more vulnerable. - Chief rival OpenAI senses opportunity in the Claude maker's recent stumbles, courting frustrated developers and pitching itself as the steadier alternative ahead of dueling IPOs. Zoom in: Anthropic's problems over the past two months span nearly every part of its business — product quality, pricing, security and capacity — and are starting to compound. 1. Model backlash: Perceived declines…Open