AIThe Decoderabout 1 hour ago
Anthropic IPO Filing Reveals $4.6B Revenue, $8B Loss
3 min read
Anthropic filed its S-1 for a November IPO, disclosing 2025 revenue of nearly $4.6 billion, up twelvefold, and an operating loss of $8.06 billion. The prospectus warns of existential AI risks and customer concentration, with two clients generating a quarter of revenue. Backers target a valuation above $2 trillion, potentially setting a benchmark for OpenAI and the industry.
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