by Bryan Perry

April 28, 2026

The question of whether the current $600-billion in capex spending on AI infrastructure and software is justified has largely been answered, as Wall Street is finally getting a handle on the magnitude of how this massive new investment wave will begin to pay off for corporations and investors.

One example is Anthropic, an AI safety and research company structured as a Public Benefit Corporation (PBC). Anthropic develops high-end large language models (like the Claude series) and, as a PBC, they are legally required to be structured to prioritize humanity over profits. As of April 2026, they are distinguished by their safety-first approach, using a unique Constitutional AI framework to ensure their models remain helpful and harmless while pushing the frontiers of autonomous coding and reasoning.

Dubbed a “Frontier Model,” Claude Mythos is Anthropic’s most powerful and controversial AI model so far. If the standard Claude models are like super-intelligent librarians, Mythos is like a Special Forces engineer. It is built not just to talk, but to take action and solve extremely high-stakes technical problems.

Claude-Mythos Photo

Anthropic’s current work is defined by a dual-track strategy, providing the versatile Claude 4.7 to the general public for creative and professional tasks, while maintaining strict gate-keeping standards for their more powerful Mythos-class models through Project Glasswing, a restricted and defensive initiative allowing only select organizations to use the AI for securing global infrastructure against cyber-threats.

Project Glasswing is a “walled garden” for the Mythos model. Anthropic gave access to a small group of trusted partners. These partners are given $100-million in credits to use Mythos to find holes in their systems and patch them before hackers, or a more reckless AI, can find them.

Project Glasswing only allows major technology companies and banks to use Mythos to find and patch their own security holes. By gatekeeping the most dangerous capabilities, they have become the self-appointed security guards of the digital world. Mythos for Glasswing became available on April 7.

Anthropic also said Mythos reached a level of cybersecurity capability making a general public release irresponsible. They claimed the model could autonomously find and exploit zero-day vulnerabilities (that is, finding bugs software creators don’t know exist) in every major operating system and web browser.

Most AI models are chatbots. You ask a question, they give an answer. Mythos is an agentic model. This means you can give it a goal (like “find the security holes in a bank’s software”), and it will plan out 30+ steps, write the code, test it, and fix its own mistakes until the job is done. Anthropic found Mythos could discover thousands of these flaws across major systems, like Windows and Chrome in less than a day.

Because this is essentially a skeleton key for the internet, Anthropic has refused to release it to the public, fearing it could be used for massive cyberattacks. This gatekeeping is a core part of Mythos’s philosophy: AI is so powerful it must be treated like a controlled substance. (Mythos could take down a power grid!)

If AI is merely a tool, perhaps the $600-billion invested by hyperscalers is too ambitious, but if Mythos is like a digital worker replacing entire departments of coders, security analysts, and researchers, $600-billion is pre-payment for the world’s future labor force. The narrative shifts the ROI to automated GDP.

Anthropic’s annual revenue forecast has soared this month. The jump from a $9-billion run rate at the end of 2025 to over $30-billion by April 2026 is the most aggressive revenue spike in the history of software. Put in perspective, Salesforce took 20-years to reach that milestone. Anthropic did it in roughly three.

This astronomical growth comes under the leadership of Dario Amodei, former VP of OpenAI. In 2021, he and his sister, Daniella Amodei, and other former senior members left OpenAI to found Anthropic.

Dario Amodei

Anthropic’s $30-billion run rate proves the Fortune 10 – the richest 10-firms, eight of which are now Claude customers – have moved past testing and are now embedding Claude into critical workloads. This means AI is no longer a side project but the core engine of their business operations. This helps explain the vertical move higher for the leading AI stocks last week, as the sector is getting a re-rating.

Anthropic is targeting an Initial Public Offering (IPO) as early as October 2026. I personally believe Zoom Communications Inc. (ZM) is a play on Anthropic for a simple reason: its market capitalization of $27-billion is small enough to make Anthropic’s stake actually move the needle. At a $1-trillion valuation for Anthropic, Zoom’s stake in the company is estimated to approach $5-billion.

Zoom Chart 1

Graphs are for illustrative and discussion purposes only. Please read important disclosures at the end of this commentary.

Wall Street has suddenly rationalized the massive spending wave on AI, and the race is only heating up. This race is really about who will control the operating system of the 21st century. Achieving AGI (Artificial General Intelligence), means AI can perform any intellectual task a human can perform.

Whoever reaches this first is expected to gain an insurmountable lead in economic productivity, scientific discovery (like curing diseases or providing endless energy) plus military power, among several other major applications. It sounds a bit like the Manhattan Project, this time creating agentic and physical AI.

Navellier & Associates; do not own Zoom Communications (ZM) in managed accounts. Bryan Perry owns Zoom Communication (ZM) personally.

All content above represents the opinion of Bryan Perry of Navellier & Associates, Inc.

Please see important disclosures below.

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About The Author

Bryan Perry

Bryan Perry
SENIOR DIRECTOR

Bryan Perry is a Senior Director with Navellier Private Client Group, advising and facilitating high net worth investors in the pursuit of their financial goals.

Bryan’s financial services career spanning the past three decades includes over 20-years of wealth management experience with Wall Street firms that include Bear Stearns, Lehman Brothers and Paine Webber, working with both retail and institutional clients. Bryan earned a B.A. in Political Science from Virginia Polytechnic Institute & State University and currently holds a Series 65 license. All content of “Income Mail” represents the opinion of Bryan Perry

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