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#AnthropicHiringHeldUpByImmigrationPolicy

Anthropic’s IPO filing lists an unusual risk.
U.S. immigration policy could affect its hiring.
The company says talent is one of its core advantages.
Maintaining a high concentration of talent depends on retaining top people.
It also needs to recruit world-class researchers and engineers.

The filing lists immigration policy as a potential obstacle.
The company is preparing to launch its IPO as soon as next month.
Its valuation has been pegged at $2 trillion.
The same document also outlines more serious risks,
such as nationalization of its technology and misuse of its models.

The closer the scrutiny, the more it shows how much this business depends on people.
An AI company’s moat isn’t in its data centers—it’s in its résumés.
When visa rules tighten, hiring cycles get longer.
When a risk makes it into an IPO filing, it usually means it’s already happening.
The closer the lawyers look, the clearer it is that talent is the company’s lifeline.

For crypto, AI and crypto projects are competing for the same people.
The global distribution of developers could shift as a result.

Which side do you think will be slowed down first by limits on talent mobility? Let’s talk in the comments.