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Anthropic's IPO filing shows soaring revenue, mounting costs, and "existential" risks

Photo: The Decoder

What happened

Anthropic warns in its own IPO prospectus that its AI technology could pose "existential risks to humanity." Revenue grew twelvefold in 2025 to $4.6 billion, but the operating loss widened to $8.06 billion. Backers are aiming for a valuation above $2 trillion, and the IPO is expected to set the bar for the entire AI industry.

Summary assembled by rule from the sources below

Sources