Anthropic IPO Filing Warns of AI Risks as Revenue Hits $33 Billion

Anthropic, maker of the Claude AI chatbot, warned in its IPO filing of potential "catastrophic or existential risks to humanity" from its technology, including risks of losing control over AI models and their use in developing dangerous weapons. The filing shows revenue surged to $33 billion in the nine months ended September, up from $4.6 billion last year, but the company reported massive losses of $80.7 billion on $16.3 billion in revenue for the first half of the year. Five customers account for 25% of revenue, and the company has over $800 billion in computing commitments through 2045. Anthropic's governance structure gives a Long-Term Benefit Trust power to elect four of seven board members, limiting ordinary shareholder influence. The company also warned AI could display self-preserving behavior, resist shutdown, or produce coercive outputs, and that risks may be difficult for insurers to cover fully.