On the same day Anthropic filed for what could be the largest IPO in history, the estate of the King of Rock and Roll sued them for $41 million. Inside the high-stakes collision of artificial intelligence, copyright law, and the music industry.

Anthropic, the company behind the AI chatbot Claude, has just made history. On October 26, 2026, it filed paperwork for an initial public offering that could raise $100 billion and value the company at $1.5 trillion, potentially surpassing even SpaceX’s record-breaking debut. It is the ultimate symbol of the AI gold rush—a five-year-old startup threatening to eclipse the giants of Silicon Valley.

But just days before, the owners of Elvis Presley’s music filed a federal lawsuit accusing Anthropic of using 274 of the King’s iconic songs—including “Can’t Help Falling in Love” and “Don’t Be Cruel”—to train its models without permission. The suit seeks $41 million in damages and claims that even after being sued by other publishers, Claude continues to reproduce copyrighted material. Anthropic says it disagrees and will defend itself.

In this episode of CWEB, we break down the numbers behind Anthropic’s staggering IPO filing—including its $80 billion paper loss and its extraordinary revenue growth. We also examine the legal battle over AI and copyright, the fair-use defense that Anthropic is likely to rely on, and why the estate of Elvis Presley may be the most high-profile challenger yet in a fight that will define the future of creativity.

Tap play to hear our full analysis of the IPO, the lawsuit, and the coming war over AI and copyright.

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