Anthropic warns of ‘catastrophic’ AI risks in its own IPO filing

As Anthropic gears up for its greatly anticipated public debut, a preview of the company's IPO filing reportedly details its mounting losses, leadership proposals to retain power, and how its AI development plans could "further increase the risk that our models cause harm." These disclosures come as Anthropic eyes a $2 trillion valuation, more than double the $965 billion it was valued at four months ago, making it a contender to overtake SpaceX as the largest IPO in history. According to Reuters, which reportedly reviewed Anthropic's prospectus, the AI startup plans to spend $518 billion on cloud, computing, and infrastructure obligations … Read the full story at The Verge.