Anthropic warns of AI's 'existential risk' to humans in its IPO filing
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Set us as preferred Anthropic disclosed that its advanced artificial intelligence technology poses “existential risks to humanity” in an initial public offering document.As the company prepares for the largest listing in history at $2 trillion, its IPO prospectus has been circulated among investors and viewed by Reuters and other news outlets.This comes after calls for a coordinated slowdown in AI development by Chief Executive Dario Amodei, echoed by rivals OpenAI’s Sam Altman and SpaceX’s Elon Musk.
Nearly a third of the prospectus spotlighted “risk factors,” saying that its increasingly autonomous AI models could manipulate, blackmail or behave in unexpected and harmful ways.Less than 50 pages were dedicated to business metrics, while 80 of 261 pages were about potential risks from the technology.
Safety concerns have swelled after a series of cybersecurity incidents in which AI models skirted instructions and hacked companies, deceived humans, created fake identities and broke into government websites during testing.The leaked prospectus revealed a company whose revenue growth has exploded but has been offset by massive costs for infrastructure investment in chips and data centers.In 2025, Anthropic’s revenue grew 12-fold to nearly $4.6 billion, while it lost $8 billion on an operating basis, according to Reuters.
Anthropic’s total on-paper loss stood at $42 billion in 2025, and the company plans to spend $518 billion on data centers and chips in the coming years.The total operating expense was $12.65 billion in 2025.Of this, $7.33 billion went to the computing and cloud capacity used to train and run AI models, a threefold surge from 2024.Beyond existential risks to humans, the company also highlighted the business risk of being too dependent on a handful of companies for revenue.
Nearly a quarter of ...