The SEC Should Block Anthropic's IPO to Protect the Public

Matt Scherer, co-author of "Brace for Impact: Protecting people and the economy when the AI bubble bursts," argues that the SEC should block Anthropic's IPO. He cites concerns about insufficient demand for generative AI, with studies showing LLMs not accelerating productivity or generating positive ROI for most businesses. A study also indicated a significant drop in Americans using AI at work between 2025 (46%) and 2026 (33%). Scherer points to Anthropic's unaudited financial results and relegated future obligations as reasons for the SEC to intervene.