In March the Pentagon designated Anthropic a supply chain risk for refusing to allow Claude to be used for autonomous weapons or mass surveillance of American citizens.
In April the Treasury Secretary and the Federal Reserve Chair convened the chief executives of the five largest American banks in an emergency closed-door meeting at Treasury headquarters to address cybersecurity risks of Anthropic’s new model.
On Friday OpenAI filed confidentially for an initial public offering and Bloomberg reported that Anthropic is closing the largest private funding round in venture capital history this week at a nine hundred billion dollar valuation.
The lab the executive branch tried to disqualify is about to be valued at more than the top five American defense contractors combined.
The model is called Claude Mythos.
Anthropic announced it on April seventh and immediately chose not to release it commercially. Mythos can autonomously identify and exploit zero-day vulnerabilities across every major operating system and browser, including a twenty-seven year old bug in OpenBSD that had survived decades of expert review. On a Firefox benchmark it converted discovered vulnerabilities into working exploits one hundred and eighty-one times, against two for Anthropic’s prior frontier model.
Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell pulled the CEOs of Citigroup, Morgan Stanley, Bank of America, Wells Fargo, and Goldman Sachs out of other meetings to address the risk.
On Thursday President Trump was scheduled to sign an executive order creating a voluntary frontier-model review regime for capabilities of the kind Mythos demonstrated.
Hours before the ceremony Elon Musk, Mark Zuckerberg, and former White House AI advisor David Sacks called the President directly. The order was killed. OpenAI had publicly supported it.
Anthropic, the lab that triggered the order, did not attend the signing. Per Axios sources, Trump “just hates regulation.”
Anthropic’s revenue trajectory is the steepest in the history of American technology. At end of 2025 annualized revenue was nine billion dollars. At the end of March 2026 it was thirty billion.
By June 2026 it is projected at fifty billion. Second quarter revenue is projected at ten point nine billion dollars, more than doubling first quarter. First operating profit is expected at five hundred and fifty-nine million dollars.
Claude Code alone generates two point five billion in annualized revenue.
Anthropic instead routed Mythos into Project Glasswing, a private defensive coalition that scans and patches critical infrastructure before adversaries can exploit it. The members are Amazon Web Services, Apple, Broadcom, Cisco, CrowdStrike, Google, JPMorgan Chase, the Linux Foundation, Microsoft, Nvidia, and Palo Alto Networks. These companies operate the digital substrate of the United States. The Pentagon’s supply chain risk is now the central node of US critical infrastructure defense.
The same federal government that designated Anthropic a supply chain risk in March made Anthropic the financial system’s cybersecurity reference in April.
The same administration that excluded Anthropic for refusing autonomous lethal weapons watched its President postpone an AI safety order targeting Mythos at the request of three executives lobbying hardest against any safety regime.
The same market that priced OpenAI at eight hundred fifty-two billion dollars with one dollar twenty-two cents lost per dollar of revenue is pricing Anthropic at nine hundred billion with first-ever profit.
The Pentagon’s exclusion list is more valuable than the Pentagon’s procurement list. The supply chain risk is the supply chain.