Anthropic's IPO prospectus has been released, revealing significant financial figures. The AI lab generated nearly $4.6 billion in revenue last year, about 12 times its 2024 total, while recording a $42 billion net loss, according to the prospectus seen by Reuters. The company spent $7.33 billion on compute and infrastructure in 2025 and has $518 billion in future cloud, computing, and infrastructure obligations. The prospectus could value the company at $2 trillion, with an IPO predicted after the November midterm elections.
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