P108news.today108Wed 28 Oct06:19
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Anthropic files for IPO with huge growth but vast losses and risks
Artificial intelligence company Anthropic has filed for what could be the largest initial public offering in history, seeking a valuation of $1.5 trillion to $2 trillion.
Anthropic, founded in 2021 by former OpenAI researchers, filed for its initial public offering on Monday. The company boasts 1,300% annual sales growth and a 900% net revenue retention rate, but has accumulated roughly $80 billion in half-year net losses and hundreds of billions of dollars in compute commitments. Anthropic's S-1 filing dedicates 93 pages to risk factors, including warnings that its AI models could pose 'catastrophic or existential risks to humanity'. The prospectus also reveals Amazon holds $6.2 billion in convertible notes that will convert into shares worth an estimated $97.9 billion upon the IPO.
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