Daily AI news, sourcedOfficial news, first rumor reports and substantive progress. Each entry keeps the information published at that time.
- Anthropic's leaked S-1 shows an $80.7 billion first-half net loss and trouble getting enough cloud capacity, per TechCrunch
Anthropic is struggling to secure enough cloud capacity from AWS, Google and Microsoft, which increasingly see it as a competitor, according to an S-1 filing leaked to The Wall Street Journal, TechCrunch reports. The filing shows an $80.7 billion net loss on $16.3 billion of revenue in the first half of the year, with two customers making up about a fifth of sales, and says Anthropic could spend more than $750 billion on cloud contracts. It also warns that liability for harm caused by its AI could exceed its insurance coverage. Anthropic is reportedly targeting a November IPO.
- Anthropic's Long-Term Benefit Trust can seat most of its board, but its governing documents are still private ahead of the IPO, per The Wall Street Journal
Anthropic's Long-Term Benefit Trust, a five-member body whose trustees hold no equity, can appoint four of the company's seven board members and dismiss them without cause, but the documents that govern it have not been made public, The Wall Street Journal reports. Anthropic must give the trustees five days' notice before issuing more than routine debt, selling half or more of the company, or transferring control of any AI model above thresholds its board updates each quarter; some legal experts say that amounts to a veto, while an Anthropic spokeswoman said it does not. It is still unclear when and how shareholders could override the trust, which has two vacancies and includes former Fed chair Ben Bernanke and chairman Neil Buddy Shah. OpenAI, also a public-benefit corporation, is controlled by the OpenAI Foundation rather than a trust, per The Wall Street Journal.
Reported by The Wall Street JournalPublished newsSource: The Wall Street JournalPart of Anthropic IPO - Some Anthropic investors weigh an IPO valuation around $1.5 trillion, below earlier $2 trillion expectations, per Reuters
Some current and prospective Anthropic investors who attended its investor day discussed a valuation of around $1.5 trillion for the November IPO, down from roughly $2 trillion previously expected, according to people familiar with the matter who spoke anonymously. Anthropic told the investors third-quarter revenue rose 45% from the prior quarter to $16.8 billion, but some were disappointed that sequential growth slowed. Anthropic did not immediately comment.
- Anthropic tells prospective investors third-quarter revenue reached $16.8 billion and was profitable on an adjusted basis, per Reuters
Anthropic's third-quarter revenue rose 45% from the previous quarter to $16.8 billion, according to an investor who attended a pre-IPO meeting with Anthropic leadership in San Francisco on Wednesday. Revenue was $4.7 billion in the first quarter and $11.6 billion in the second, the person said, and Anthropic told the group it was profitable on an adjusted basis in the third quarter. The investor day was meant to familiarize prospective investors before the IPO, which Reuters has reported is likely to be pushed until after the November US midterm elections; Anthropic is targeting a valuation of over $2 trillion. The company has committed at least $518 billion over a decade for cloud services, computing and infrastructure, according to Reuters. Anthropic has not published the figures itself.
- Anthropic targets mid-November IPO at up to $2 trillion valuation, per Bloomberg
Anthropic is gearing up for an IPO after multiple delays, with marketing possibly starting the week of November 9 and trading targeted before the US Thanksgiving holiday, per Bloomberg. The company is seeking a valuation of roughly $1.8-2 trillion, which would make it the largest IPO of all time, potentially raising up to $100 billion. That is a steep jump from its last private round valuation of $965 billion in May. Anthropic's 2025 revenue came in near $4.6 billion, and the company reportedly expects to match or exceed that pace despite ongoing losses.
- Anthropic's IPO filing shows soaring revenue, mounting costs, and "existential" risks
Anthropic warns in its own IPO prospectus that its AI technology could pose "existential risks to humanity." Revenue grew twelvefold in 2025 to $4.6 billion, but the operating loss widened to $8.06 billion. Backers are aiming for a valuation above $2 trillion, and the IPO is expected to set the bar for the entire AI industry. The article Anthropic's IPO filing shows soaring revenue, mounting costs, and "existential" risks appeared first on The Decoder .
- Anthropic prospectus details losses, growth and existential-risk warning, per TechCrunch
TechCrunch reports Anthropic told investors in its prospectus that it loses tens of billions of dollars a year while growing rapidly, and warned its own AI might pose an existential risk to humanity; Reuters reported the IPO filing at a $2 trillion valuation after a $42 billion net loss in 2025.