Anthropic's IPO prospectus: $42 billion net loss in 2025 and a warning of "existential" AI risk
Anthropic devoted 80 of the 261 pages of its prospectus to risks and warns in it that advanced AI may pose "catastrophic or existential threats to humanity," Reuters reports. The document shows that the company's revenue grew twelvefold in 2025, to almost $4.6 billion, and its net loss was $42 billion. At the valuation above $2 trillion that investors are hoping for, it would be the largest stock market debut in history.