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Wall Street is telling Anthropic and OpenAI that they had better launch their blockbuster IPOs sooner rather than later – and it goes well beyond the risks of an AI bubble, On The Money has learned.

The mounting worry among big investors, insiders say, is the threat of a left-wing takeover of Congress, conjuring nightmare scenarios of Democratic Socialists on Capitol Hill looking to throttle deals as they grill tech executives over everything from AI-sparked job losses to deepfakes.

“It will be years of hearings, investigations and nonstop turmoil,” one major Wall Street deal lawyer said. “We’re advising that people do their IPOs before the end of the year before things get crazy.”

Wall Street is telling Anthropic and OpenAI that they had better launch their blockbuster IPOs sooner rather than later – and it goes well beyond the risks of an AI bubble.…