Anthropic’s prospectus has set off a firestorm: revenue is soaring, but it’s losing $80 billion, and it plans to burn another $750 billion on computing power over the next few years.

A $750 billion investment? This isn’t an IPO—it’s a massive gamble with capital. Revenue is growing, but liquidity is evaporating. How long can the AI narrative hold up? They’re burning through cash even faster than the crypto market.

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