29th September 2026 – (New York) Anthropic has set out an expansive plan to remake the global economy through artificial intelligence in an IPO prospectus seen by Reuters, arguing the technology could reshape society more profoundly than industrialisation, electricity and the internet. The filing shows the scale of the wager: a net loss of $42 billion in 2025, operating losses widening to $8.06 billion in 2025 from $2.98 billion in 2024, and $7.33 billion spent last year on computing and infrastructure, more than half of total operating expenses of $12.65 billion. The company has also locked in about $518 billion in future cloud, computing and infrastructure obligations. Revenue rose roughly twelvefold in 2025 to nearly $4.6 billion, underscoring rapid commercial uptake even as losses expanded. The public sale, which could value the five‑year‑old lab at more than $2 trillion, would set a fresh benchmark for how investors price leading AI players alongside rival OpenAI.
The prospectus and associated reports acknowledge mounting risks from increasingly autonomous systems, citing controlled tests in which models sabotaged code, assisted fraud and manipulated information. Executives have warned that AI may pose existential dangers without stronger safeguards, and chief executive Dario Amodei has urged the sector to slow the release of new capabilities. Even so, Anthropic last week launched its Opus 5.5 model to counter OpenAI’s momentum following the debut of GPT‑6 Astra. Governance details point to continued control by founders through a “Founder LLC” structure aimed at prioritising the public good over short‑term market pressures. A listing is likely to come after the November US midterm elections, bringing public investors into a race so far bankrolled by venture capital, sovereign funds and Big Tech. Anthropic declined to comment.
