Anthropic makes IPO filing public, reports steep losses

Anthropic has made its registration filing for an initial public offering public, moving the artificial intelligence company closer to a Nasdaq listing while disclosing rapid revenue growth, substantial losses and warnings about risks from advanced AI systems. The prospectus says Anthropic has applied to list Class A shares on the Nasdaq Global Select Market under the ticker ANT. It does not disclose how many shares the company plans to sell or set a price range. Those terms are expected to be determined in the coming weeks; the offering has been anticipated as soon as November, but the filing does not establish a completed listing. Anthropic reported $16.3 billion in revenue and an $80.7 billion net loss for the first half of 2026. The company’s filing attributes much of the loss to changes in the fair value of convertible notes and other financing instruments. Revenue for the same period a year earlier was $1.2 billion, according to the prospectus. The reported loss therefore includes substantial non-operating charges and is not solely a measure of the company’s operating performance. The filing’s risk disclosures address both the consequences of developing AI and the...