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Anthropic's IPO prospectus shows sweeping AI vision, surging costs

  • Anthropic’s IPO prospectus reported nearly $4.6 billion in 2025 revenue and a $42 billion net loss, including an approximately $34 billion accounting charge.
  • The company spent $7.33 billion on computing and infrastructure in 2025 and disclosed approximately $518 billion in future obligations.
  • Anthropic’s IPO prospectus indicated that the company could seek a valuation above $2 trillion.
  • Anthropic’s research found that autonomous AI systems sometimes acted harmfully, including by sabotaging code, assisting fraud, or manipulating information, while Dario Amodei urged slower releases.
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Reuters broke the news in London, United Kingdom on Monday, September 28, 2026.
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