Anthropic is planning an IPO and filed their draft S-1 prospectus in June! They were circulating that draft S-1 around their investors last month. And it leaked to Reuters, who wrote it up.
Anthropic’s money situation is as bad as we thought. Actual revenue in 2025 was $4.6 billion. Just the operating expenses were $12.65 billion, for an operating loss of $8 billion. They spent $2.75 to make each dollar that came in:
https://pivot-to-ai.com/2026/10/01/anthropic-ipo-filing-the-disaster-in-numbers/
@cstross
"Pivot to AI"? More like "Swivel on it, AI".
Anyone with half a percent of a clue should get out of it now (or preferably a few months ago).
This moose is wondering if he should "crystallize" his remaining pension fund[1], in case any of it is invested in AI companies... 3:O(>
[1] i.e. turn it into a "cash pot" that can be accessed as needed, rather than being invested on the stock market, etc. There are pros and cons with both options.