Anthropic’s IPO filing shows explosive growth, risks and staggering costs

Artificial intelligence giant Anthropic has filed papers for what could be the biggest ever initial public offering (IPO) of stock, even as its top executive warns that advanced AI could pose an existential threat to humanity. The filing on Monday sets up the San Francisco company for a Wall Street debut next month, potentially eclipsing the SpaceX initial public offering in June that raised a record $86bn. The filing comes weeks after chief executive and cofounder Dario Amodei argued in an essay for slowing the development of the most advanced AI models. An IPO could provide Anthropic with enormous resources to accelerate its expansion. The amount the company ultimately raises remains uncertain, as does its final valuation and offering price.