Alibaba Attacks Anthropic As OpenAI Short $1T IPO

Anthropic got US government approval to expand Mythos access just weeks after reporting it suffered the largest-ever distillation attack, orchestrated by China’s Alibaba. Meanwhile Sam Altman is desperate for a trillion-dollar valuation for OpenAI's IPO, but his own advisors are telling him it's not happening in 2026. Unless Anthropic gets blocked? The AI arms race between companies and countries is moving faster than anyone can keep up with.

CHAPTERS
00:00 Mythos Gets Unlocked
00:58 Fable 5 Still Restricted
01:32 Alibaba's Distillation Attack
02:55 Anthropic's Three Asks
04:55 Nvidia's China Problem
06:18 Alibaba Sues Pentagon
07:10 OpenAI's IPO Crisis
08:30 OpenAI's $38.5B Losses
10:00 SpaceX's $111B Week
11:45 Index Funds Change Rules
13:30 Russell Rebalance Explained
15:00 Altman Watches Anthropic
15:49 Closing

IF YOU LIKED THIS, WATCH:
→ Did China Just Steal ASML's Banned AI Chip Making Tool?: https://youtu.be/IVvBSub5Vw0
→ Anthropic Gets Banned Again While OpenAI Lost $38 Billion: https://youtu.be/z2BYUFRBZmQ
→ Anthropic IPO Might Crush OpenAI (And SpaceX?): https://youtu.be/bz5fsLTSUiU
→ China Says It Doesn't Want Our AI Chips, So Why Are They Smuggling Them?: https://youtu.be/uKjWfRgDfRM

SOURCES & FURTHER READING
Alibaba's Distillation Attack on Anthropic
• Anthropic Accuses Alibaba of Illicitly Accessing Its AI Models: https://www.bloomberg.com/news/articles/2026-06-24/anthropic-accuses-alibaba-of-illicitly-accessing-its-ai-models
• Alibaba Used 25,000 Accounts to Clone Claude in Largest Known Attack: https://www.cnbc.com/2026/06/24/anthropic-alibaba-distillation-campaign.html
• Anthropic Says Alibaba Must Be Punished for Largest Claude Cloning Attack: https://arstechnica.com/tech-policy/2026/06/anthropic-claims-alibaba-defied-trump-to-attack-claude-and-steal-capabilities/
• Anthropic's Full Letter to Congress on the Alibaba Attack: https://d1e00ek4ebabms.cloudfront.net/production/uploaded-files/Anthropic%20letter%20Alibaba%E3%83%BBJun%2010%202026%20-ba307cab-ccb4-43f1-88c0-515f29694678.pdf

AI Distillation Attacks and Adversarial AI Use
• How Anthropic Detects and Prevents Model Distillation Attacks: https://www.anthropic.com/news/detecting-and-preventing-distillation-attacks
• Google's Threat Intelligence Report on AI Distillation and Adversarial Misuse: https://cloud.google.com/blog/topics/threat-intelligence/distillation-experimentation-integration-ai-adversarial-use
• How OpenAI Is Disrupting Malicious Uses of Its Models: https://openai.com/global-affairs/disrupting-malicious-uses-of-ai-october-2025/

Mythos, Anthropic's Restricted AI Model
• Trump Administration Allows Anthropic to Expand Mythos Access to Select US Organizations: https://www.wired.com/story/anthropic-restores-access-to-mythos/

OpenAI's IPO Struggles and SpaceX's Market Surge
• Why OpenAI's Trillion-Dollar IPO Is Slipping Out of Sam Altman's Reach: https://www.nytimes.com/2026/06/25/technology/openai-ipo-artificial-intelligence.html
• SpaceX Closes $25 Billion Bond Offering Across Five Tranches: https://finance.yahoo.com/markets/stocks/articles/spacex-closes-25-billion-bond-214309300.html
• Allianz Investment Chief on the AI Bubble Risk After SpaceX's IPO: https://ft.trib.al/mPUSZWU
• Russell US Indexes 2026 Reconstitution Summary: https://www.lseg.com/content/dam/ftse-russell/en_us/documents/other/2026-russell-us-indexes-reconstitution-summary.pdf
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