Anthropic, a startup founded by Dario Amodei, has filed an initial public offering (IPO) prospectus that warns of a potential existential risk to humanity from its technology.
What happened
The company's IPO prospectus, which is over 260 pages long, dedicates around 80 pages to discussing potential risks associated with artificial intelligence (AI), including catastrophic or existential risks to humanity. In contrast, only 48 pages cover the company's actual business. The filing also describes possible self-preserving behaviors in AI systems, such as resisting shutdown or concealing information.
Anthropic plans to spend $518 billion on cloud computing and other infrastructure over the coming year. The company reported a net loss of $42 billion in 2025, and nearly a quarter of its revenue last year came from just two clients.
Wall Street has reacted negatively to the company's warnings and plans, with some analysts calling the IPO prospectus a "head scratcher."
