Anthropic Files for IPO, Reveals $16.3B Revenue and Existential AI Risks

Anthropic has filed for an initial public offering, revealing $16.3 billion in revenue for the first half of 2026, a 14-fold increase from the previous year, while warning that advanced AI could pose an existential threat to humanity. The company's filing with U.S. regulators shows it is near break-even on operational metrics, with a $132 billion cash reserve, and details plans to invest heavily in data centers and computing power. Anthropic also describes risks of AI misuse, including cyberattacks and biological weapons creation. Anthropic will retain its public benefit company status, with founders maintaining voting control, a structure that allows consideration of societal interests alongside shareholder returns. The company cites insufficient access to chips and data centers as a key risk to its future growth.