Anthropic files for $2-trillion IPO, touting AI’s promise and perils

Anthropic PBC, the AI company behind Claude, filed an S-1 with the SEC on Monday for a blockbuster IPO, expected to list on Nasdaq under ticker ANT the week of Nov. 16, potentially valuing the firm at $2-trillion. The filing reveals first-half 2026 revenue of $16.3-billion, up from $1.2-billion a year earlier, but net losses of $80.7-billion, largely from a one-time accounting charge. Operating losses narrowed to $693-million, while compute spending commitments total over $510-billion. Anthropic warns of existential risks, including catastrophic AI incidents and models enabling chemical or biological weapons. A public benefit corporation, it uses a governance structure with founder voting control of 50.1 per cent, and counts Microsoft, Google, and Amazon as major contract holders.