Sources: Anthropic could start formal marketing for its IPO as soon as the week of November 9, putting it in line to begin trading before Thanksgiving (Bailey Lipschultz/Bloomberg)

Anthropic PBC plans to begin formal IPO marketing in the week of November 9, positioning the company to start trading before Thanksgiving. The company’s prospectus notes a $42 billion convertible-note loan from Broadcom to support a $125.2 billion five-year TPU lease commitment. Meanwhile, OpenAI has terminated three employees for sharing private infrastructure details with an external group.