“Our product may end humanity” is written in the listing documents, and this company immediately goes for an IPO—Anthropic really has the nerve.

Last year, revenue of $4.6 billion grew 12-fold, yet it posted a net loss of $42 billion; in the future, it plans to pour $518 billion into compute power—about 110-plus times last year’s revenue.

The darkest kind of humor is this: in a 261-page prospectus, 80 pages are about how AI might fight back—resisting shutdown, lying, extortionate behavior—all laid out clearly. It’s as if it’s turning the risk disclosure into a fortress wall.

Which side are you on: is this honest long-termism, or is it buying insurance for a $200 billion valuation with a “doomsday script”?

#Anthropic