Anthropic IPO Windfall Could Await Several State Pension Funds

[The Information] Pension plans representing public employees in Orange County, Los Angeles, Massachusetts and South Carolina are positioned to receive sizeable payouts from Anthropic's expected initial public offering in November, thanks to their investments in Spark Capital, a major Anthropic backer, according to an analysis from The Information. Over the past year, politicians and AI executives have floated ideas for a sovereign wealth fund or other ways of giving the American public a stake in the AI boom; these pension plans stand to benefit long before those proposals come to fruition.