Anthropic's $2T valuation bet rides on soaring revenue, existential AI risks
anthropic's revenue grew 12x to $4.6b in 2025, but operating loss widened to $8.06b, warning of existential risks from ai.
anthropic's ipo filing reveals revenue grew twelvefold to nearly $4.6 billion in 2025, with operating loss widening to $8.06 billion due to high infrastructure costs. the company warns of existential risks from ai, including manipulation and blackmail. backers aim for a valuation above $2 trillion, which could set a benchmark for the industry. anthropic plans to spend $518 billion on cloud, compute, and infrastructure commitments.