Anthropic reports $42 billion net loss in 2025 ahead of planned IPO

Anthropic, the AI startup, has released its IPO prospectus, revealing a net loss of $42 billion in 2025 despite revenue growing twelvefold to $4.6 billion. The company plans to spend $518 billion on cloud and computing infrastructure. Its expected valuation exceeds $2 trillion. The prospectus also highlights risks, including reliance on a few customers and concerns about AI safety. The IPO is likely after the November US midterm elections. Anthropic competes with OpenAI and has clashed with the White House over tool usage.