Alex Ossola

Asa Fitch covers technology for WSJ's Heard on the Street column, and he says there are several reasons why it matters whether Anthropic, or its rival OpenAI, goes public first after SpaceX.

Asa says that when the S-1 filing becomes publicly available, he'll be looking at Anthropic's ties to other big tech companies.

In other AI news, Florida has filed a lawsuit against OpenAI, the maker of ChatGPT, and its CEO, Sam Altman.

The lawsuit claims OpenAI and Altman knowingly released an unsafe product and ignored warnings that it could harm users.

During a press conference in West Palm Beach today, Florida Attorney General James Uthmeyer said he hopes to set a precedent.

The lawsuit comes after a criminal investigation into OpenAI that Uffmeyer opened in April over the role ChatGPT played in a mass shooting that killed two people at Florida State University last year.

A spokeswoman for OpenAI said the company believes minors need significant protection from AI and that OpenAI has put safeguards in place.

She said the company is committed to getting it right.

And we should note that News Corp, owner of the Wall Street Journal, has a content licensing partnership with OpenAI.

In deal news, People Incorporated, the publishing company owned by Barry Diller, has offered to take over the rest of MGM Resorts.

Diller's company already owns about a quarter of MGM.

In a letter to MGM's board today, Diller wrote that the company is not currently realizing its full potential in the public markets.

The deal would value the casino giant at around $12.4 billion.

MGM stock closed up 16 percent on the news.

And Hollywood is abuzz after seeing a strong opening from two indie horror films.

What did you find?

That was Back Rooms, which won the box office crown this weekend.

The other horror movie, Obsession, came in at number two.

They're not sequels and they're not based on books.

In fact, both came from Gen Z directors.