Anthropic Files for IPO Amid Explosive Growth and Huge Losses

The five-year-old company behind the Claude chatbot reported a 12-fold revenue jump to nearly $4.6 billion last year, driven by AI demand, but faced a $42 billion net loss and plans to spend $518 billion on compute and infrastructure next year.

Its prospectus dedicates 80 pages to risks, cautioning that advanced AI could show self-preserving behaviors, resist shutdown, or pose catastrophic threats to humanity. Co-founded by Dario Amodei with a focus on safety, Anthropic eyes a potential $2 trillion valuation in a competitive field against OpenAI and Google, highlighting the high-stakes race in frontier AI.