Anthropic's $100B pitch warns investors AI could end humanity

Anthropic's prospectus for a $100 billion fundraising warns investors they may lose their money because advanced AI could end humanity, highlighting the paradox of an industry promising transformation while acknowledging existential risk. The AI boom is driving unprecedented global spending, with $1 trillion estimated for data centers this year and Australia's investment potentially reaching $157 billion by 2030. The construction surge has surprised the Reserve Bank and Treasury, with non-mining investment growing 14 percent instead of the forecast 1 percent. The boom's scale exceeds historical construction surges, with AI infrastructure spending estimated at 3.63 percent of US GDP through 2032. Concerns include "circular financing" among AI companies, rising equipment prices, and potential economic fallout if investor enthusiasm wanes.