Humanity can't afford not to spend $800B on AI, Anthropic insists

Anthropic's IPO filing dropped on Monday morning, and the prospectus reads like a real estate agent desperately trying to sell a house of cards as an investment property: The upsides are enormous. There are just a few disclosures you should be aware of. Sure, the foundation is cracked; it's in a flood plain, and you can only really afford it if you land that promotion, but there's a non-zero chance it'll work out eventually, and just look at the views. Every S1's risk factors read a bit like a doomsday prophecy. Anthropic, like any other company that's going to trade on public markets, has to cover its butt.

First reported by The Register. This page is a short excerpt; the full text is theirs.