Not to say that this is a good business model, but these numbers don’t tell the whole story. Somebody smarter than me could explain how while the company is operating at a loss, it’s not as bad as $42B, which is mostly the valuation of investor shares going up. More like $8B because it costs more to operate than revenue, however, revenue increase from 2024 to 2025 did outpace operating loss by quite a lot.

Either way, they made about $4.5B in revenue and probably won’t pay taxes on it.

So..

Are we more worried that this nonsense collapses the global economy before this nonsense destroys the fabric of our social society before this nonsense lands a laser-guided smart munition on your personal residence before this nonsense rat-fucks all free elections forever before this nonsense uses up all the viable fresh water source before this nonsense pumps out enough thermal energy to destroy what's left of the biosphere...

Or, are we just worried that, even after watching the Terminator franchise, some cunt is going to stick a shotgun on the back of that Boston Dynamic robot dog and tell ChatGPT too kill whoever it wants?

Where does all the money go? Who gets it in the end?

No paywall: https://www.msn.com/en-us/money/companies/exclusive-anthropics-ipo-prospectus-shows-sweeping-ai-vision-surging-costs/ar-AA2d9ZN1

Sept 28 (Reuters) - Anthropic is making a massive bet that AI will transform the global economy more profoundly than industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters.

But the cost to get there will be staggering. Anthropic reported a net loss of $42 billion in 2025, and plans to spend $518 billion on cloud, computing and infrastructure obligations in coming years, according to the prospectus.

The prospectus details how the company has grown sharply in the last year — while also posting wider losses. Revenue grew 12-fold in 2025 to nearly $4.6 billion, even as the company lost more than $8 billion on an operating basis, excluding writedowns of various liabilities mostly tied to previous fundraising, according to the documents, reported here for the first time

So typical billionaire mode, aka Bezos-Musk-Gates model.