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Welcome back to This Week in Stratechery!

As a reminder, each week, every Friday, we’re sending out this overview of content in the Stratechery bundle; highlighted links are free for everyone . Additionally, you have complete control over what we send to you. If you don’t want to receive This Week in Stratechery emails (there is no podcast), please uncheck the box in your delivery settings .

On that note, here were a few of our favorites this week.

Finally, Some Anthropic Numbers. Monday morning brought us Anthropic’s S-1, and not a moment too soon. After four years of arguments about the economics at frontier labs, we now have some real numbers to sink our teeth into, and Ben did just that with his Update on Tuesday . Come for that analysis, and then head over to this week’s Sharp Tech where we talked in depth about what Anthropic is telling investors, questions that remain unanswered, plus why the SEC forced Anthropic to help us understand Meta’s Muse bet .…