Leaked Anthropic IPO prospectus: over $2T valuation and $42B loss

Anthropic plans to go public as soon as November at a valuation above $2 trillion. The leaked prospectus warns AI could pose a "catastrophic or existential risk to humanity," reports a $42 billion net loss for 2025 and $518 billion in planned infrastructure spending.

• Post-IPO valuation projected above $2 trillion, debut possible in November
• 2025 net loss of $42 billion; revenue rose twelvefold to nearly $4.6 billion
• Compute and infrastructure spending reached $7.33 billion last year
• $518 billion planned for infrastructure; two customers generated about a quarter of revenue