IPO

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Anthropic’s Prospectus Details Losses, Growth, and, Yes, a Warning That Its AI Could End Humanity

Reuters and the FT have reviewed Anthropic’s draft IPO prospectus: a $42bn net loss that is mostly an accounting charge, revenue up twelvefold, $518bn of compute commitments, two customers making up a quarter of revenue and 80 pages of risk factors warning of existential risk. We check the arithmetic and explain what it means for Claude customers.

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Anthropic Seeks 50.1% Voting Control for Co-Founders Ahead of IPO

Anthropic is asking shareholders to approve a Palantir-style structure that would give Dario Amodei and six co-founders 50.1% of the votes on most matters, held through one LLC, while its Long-Term Benefit Trust keeps the power to appoint a board majority. We explain the plan, why 50.1% crosses a line Palantir avoids, what public investors give up, and what it means for businesses that rely on Claude.

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OpenAI IPO Will Not Happen in 2026 Amid AI Safety Fears, Altman Says

Sam Altman told Fortune on 12 September 2026 that an OpenAI IPO would be “ill-advised” right now given everything happening with safety, and that the listing will be “not 2026.” We trace the timetable from the $122 billion March round and the 8 June confidential filing to Sarah Friar’s 2027 target, set out the agent incidents and slowdowns behind the new explanation, explain how the OpenAI Foundation’s control lets the company wait, and compare the plan with Anthropic’s October listing.

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Nvidia in Talks to Invest in Anthropic’s Mega IPO as Anchor Investor

Reuters reported on 11 September 2026 that Anthropic is in talks to bring Nvidia in as an anchor investor for an IPO that could raise up to $100 billion at around $2 trillion, with Nvidia considering up to $10 billion. We read the wire text, Arm’s and Instacart’s prospectuses for what a US anchor investor actually signs, Nvidia’s July 2026 10-Q, Anthropic’s Series G and Series H announcements and the CNBC record of how Nvidia’s $100 billion OpenAI letter of intent shrank to $30 billion, and counted what the cheque would buy, what Nvidia already owns, and what has to happen in the 53 days before the midterms.

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Anthropic IPO Slips to Mid-October: Proven Risk Ahead

Anthropic IPO preparations moved again on 4 September 2026, and the direction of travel was backwards. Reuters reported exclusively that the company is now expected to begin marketing its offering in mid-October at the earliest, with the listing itself completed only days before the United States midterm elections in November. The detail that matters is […]

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