Factors like inflation, interest rates, A.I. and the war with Iran are far more important, our columnist says.

American capitalism may never be the same again.

Anthropic named the Wall Street firms lead underwriters on its upcoming public offering, a role that will generate generous fees and enormous prestige.

© Victor Llorente for The New York Times

Plus, why Halloween candy is scary expensive.

© Ronen Zvulun/Reuters

We broke down the A.I. company’s key figures, which give insight into the health of its business, its future plans and who’s in charge.

© Jason Henry for The New York Times

The A.I. company took great pains to describe the many benefits that can come from using its Claude chatbot and technology, but also offered up a heavy dose of gloom.

Ahead of what could be the largest public listing ever, Anthropic said revenue soared to $16.3 billion in the first half of the year, and it planned to spend $807 billion on A.I. infrastructure.

© Jason Henry for The New York Times

Anthropic sits atop a pyramid of business partners and suppliers, making it a barometer of the broader economy. Its initial public offering will have widespread implications.