Stop Funding Billionaires, a coalition of labor, student and community groups that pushes pension funds and endowments to avoid investing in billionaire-owned companies, plans to march to Anthropic’s offices in San Francisco on Tuesday, the day its investor roadshow began, to demand that it call off its IPO. The group argues that Wall Street rule changes will steer workers’ 401(k) and pension money into newly public AI companies like Anthropic while early investors and insiders cash out, leaving retirement savers holding the losses if an AI bubble bursts. The protest will open with speeches from local activists and workers at Salesforce Tower and end outside Anthropic with a 6-foot Jenga tower meant to show the risk to pensions.
