Anthropic is expected to debut on the Nasdaq later this month in what could be the largest IPO of all time. But Democrats' midterm victories and data center backlash have shaken investors who were already questioning if frontier labs could make good on pie-in-the-sky projections of future growth. Plus, a big tent coalition focused on AI safety came together and won big in this year's midterms. We'll discuss what's next for this coalition.

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