Anthropic IPO filing shows $4.6B revenue, over $8B loss

Anthropic's IPO prospectus shows 2025 revenue grew 12-fold to nearly $4.6 billion on an operating loss above $8 billion and a $42 billion net loss, with $20.28 billion in cash and short-term investments. It has committed $518 billion to computing over a decade, about 80% non-cancelable, and could be valued above $2 trillion.

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