KEY POINTS • Anthropic’s leaked IPO prospectus reportedly devotes about 80 pages to risk factors, including potential catastrophic risks from its AI models. • The company reported more than $8 billion in operating losses in 2025 despite a twelvefold increase in revenue. • The prospectus could support a valuation of more than $2 trillion, reflecting … Continue reading Anthropic IPO prospectus highlights huge risks and losses