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

Anthropic has warned artificial intelligence (AI) could pose "catastrophic or existential risks to humanity" as it unveiled details of its planned blockbuster stock market listing in the US. The firm's valuation is expected to exceed that of SpaceX, which was the biggest-ever listing at an initial valuation of about $1.8 trillion in the summer. Anthropic has not yet disclosed the number of shares to be released, their price range, or a date for the listing. The Claude chatbot developer reported $16.3bn (£12.2bn) of revenue in the first half of the year, with losses of more than $80.7bn. Anthropic, which said it will list on the Nasdaq under the symbol ANT, will be the first fully AI-focused company to go public, making it a test case for the future of the…

Also reported by Techmeme.

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