New York City Auditor General urges Antropic to halt IPO before AI risks are resolved

(Seoul = Yonhap News) Reporter Joo-ho Jeong = Antropic, which is scheduled to be listed next month, received a request from the head of a large U.S. public pension fund to stop the initial public offering (IPO).

According to Bloomberg News on the 15th (local time), New York City Auditor General Mark Levin sent a letter to Antropic CEO Dario Amodei the day before, urging him to stop the IPO until risks surrounding the safety, governance, and development speed of artificial intelligence (AI) are completely resolved.

Levin demanded that “Antropic must disclose in detail how it will conduct appropriate audits and controls, the scope of control subjects, and the expected schedule.”

He then asked to explain whether these controls sufficiently reflect Amodei's own argument that the pace of improvement in AI capabilities must be slowed down and that the company must focus on responding to the unprecedented risks of technology.

He pointed out that the “morally binding” AI safety agreement that the Trump administration signed with AI companies such as Antropic last month was also insufficient.

The New York City Board of Audit and Inspection oversees public pension funds worth more than $325 billion (about 435 trillion won) and is an institutional investor known for shareholder activism related to climate and governance.

However, according to Reuters, the New York City pension fund's investment in Antropic through private equity funds is only about $7 million (about 9.4 billion won).

According to sources, Antropic plans to go public as early as next month, and the size of the offering could match or surpass SpaceX's record, which was the largest ever. Antropic disclosed to investors on the 14th that its third quarter sales were $16.8 billion (approximately 22.5 trillion won).