Next summer, the lights could go out in California, thanks to the blithering idiocy of California regulations. Say goodnight to three power plants the state is forcing to close even though they were needed for grid reliability earlier this month. Column: dailynews.com/2026/10/24/wis…

ANTHROPIC JUST PUBLISHED ITS S-1 FOR A U.S. IPO Here's everything you need to know: The Listing: • Nasdaq Global Select Market, ticker $ANT • Leads: Goldman Sachs, Morgan Stanley, J.P. Morgan • Price range and share count: not disclosed yet The Growth: • H1'26 revenue: $16.3B vs. $1.16B in H1'25 • 2025 revenue: $4.59B vs. $386M in 2024 • $100K+ customers: 11,900+ vs. 950+ a year ago • $1M+ customers: 1,900+ • $10M+ customers: ~250 • Consumption-based: $13.1B, 80% of H1 revenue • Subscriptions: $3.2B, 20% of H1 revenue The Losses: • H1'26 operating loss: $693M vs. $2.14B • H1'26 net loss: $80.7B • $72.4B fair-value charge on convertible notes • That charge tracks its rising valuation • 2025 included a $1.5B Bartz copyright settlement The Compute Bill: • H1'26 compute & infrastructure: $8.9B • Google: at least $114.5B through July 2033 • Amazon: at least $110.0B through April 2036 • Microsoft: at least $44.9B through May 2033 • ~$265.6B in total minimum commitments • Owed regardless of actual usage The Cash: • $131.7B in cash & short-term investments • Up to $77B more in note facilities: - Google: $20B - Amazon: $15B - Broadcom: $42B Who Controls It: • Public benefit corporation • Class F (Founder LLC): 50.1% of the vote • Members: Dario & Daniela Amodei + 5 co-founders • Long-Term Benefit Trust picks board majority • Class A: 1 vote per share • Class N (strategic partners): no vote • Ownership caps: Amazon 12%, Google 14.99% • 5% of shares to Anthropic Public Benefit Fund The Risks They Flagged: • Warns advanced AI could pose "catastrophic or existential risks to humanity" • Training-data copyright suits could hurt it The Team: • ~5,300 employees as of Sept. 30 Use of proceeds: compute, hiring, general purposes