Anthropic warns of 'catastrophic risk' to humankind ahead of blockbuster share listing

Artificial intelligence (AI) firm Anthropic has revealed details of its business ahead of its plans to sell shares to the public in what will likely be the largest stock market debut in history. The company behind AI chatbot Claude revealed losses of more than $80.7bn (£60.5bn) in the first half of the year. It said it generated revenue of $16.3bn over the same period. The number of shares to be released and their price range is yet to be determined. Anthropic's valuation when it goes public has been expected to exceed that of SpaceX, which this summer was the biggest-ever stock listing at an initial valuation of about $1.8 trillion. Anthropic said it will often make forward investments "that may seem irresponsibly large at first glance".

Also reported by Techmeme, BBC.

First reported by BBC News. This page is a short excerpt; the full text is theirs.