Nathaniel Whittemore

According to Bloomberg sources, the tender offer failed to reach its full allocation, leaving some outside investors unable to pick up as much stock as they had hoped.

The total size of the tender offer was not disclosed, but sources indicated it was less than 6 billion investors had lined up to buy.

One source said that the lack of selling reflects optimism among employees that Anthropic's value will continue to skyrocket as revenue booms.

Many are holding onto all of their shares in anticipation of the upcoming IPO.

Now, tech employees holding onto their stock into a hyped IPO is not a unique phenomenon to Anthropic.

OpenAI's most recent tender also failed to fill up, with employees only selling 6.6 billion out of the total 10.3 billion in approved sales.

Still, Anthropix's rapid growth means employees are saying no to a significant amount of money to bet on a big IPO pop.

Employees with more than one year at the company were eligible to sell stock, meaning that even the least tenured stock options of the lot would have been struck at Anthropix's January 2025 valuation of $60 billion.

Speaking of Anthropic, they are also doing well in the talent war.

The company had two big executive poaching announcements.

The first is that they grabbed Eric Boyd, an 18-year veteran of Microsoft, to help run their rapidly scaling infrastructure efforts.

He most recently led the AI hardware and software team for Azure, and now he is joining Anthropic as their new head of infrastructure.

Now, this hire comes, of course, as Anthropic begins to take a more active role in infrastructure management to meet surging demand.

Up until now, they'd largely outsourced that to cloud partners including AWS and, more recently, Google and Microsoft.

Earlier this week, you'll remember, Anthropic announced a massive new deal with Google and Broadcom to stand up 3.5 gigawatts of dedicated inference with the build-out beginning next year.

The information reported that Anthropic is not just hiring Boyd, but an entire team consisting of veterans from other leading cloud enterprises.

In another big get, Anthropic poached Workday this week as well.

Peter Bayliss had only joined Workday last May and resigned from the company last month.

The information reports that he will work on reinforcement learning engineering.

For some, though, the question is whether Anthropic is staffing up to take on incumbent SaaS platforms.