Anthropic's IPO filing reveals soaring sales and stark AI warnings

Anthropic filed for an initial public offering on Monday, revealing soaring sales alongside stark warnings about AI risks, in a major test of investor appetite for the sector. A weak reception could dampen enthusiasm for AI, a key driver of the US economy amid bubble concerns. The AI company reported sales of $11.6 billion in the April-June quarter, up from $787 million a year earlier, with its first operating profit of nearly $1 billion. Its prospectus devotes over 90 pages to risks, including AI systems acting autonomously and conflict with the Trump administration, which has barred it as a national security risk. The IPO could value Anthropic between $1.5 trillion and $2 trillion, with a listing targeted for mid-November. Co-founders will retain majority voting control, and the company warns growth may slow sharply, with hundreds of billions in committed computing payments due regardless of demand.