Both Anthropic and OpenAI are among the most valuable private AI companies globally. OpenAI has achieved an estimated $80+ billion valuation following recent funding rounds, while Anthropic has reached approximately $15 billion in valuation. These companies represent the frontier of large language model development and AI research. Market observers have long speculated about which company might pursue a public listing first, particularly as capital markets show increasing appetite for AI-driven enterprises. The market resolves YES if either company completes an initial public offering, merger with a public company, or equivalent liquidity event before the end of 2027. The current 60% YES odds suggest traders believe at least one IPO is likely within the timeframe, reflecting both company valuations and prevailing investor sentiment toward the AI sector. Several factors may influence the outcome: the trajectory of tech IPO market conditions, regulatory developments in AI governance, each company's strategic capital requirements, and competitive positioning in the race for AI dominance. Trading volume of $201 over 24 hours indicates moderate but sustained market interest, while $3008 in total liquidity provides reasonable depth for participants to adjust positions.