Anthropic IPO Prospectus Reveals $2 Trillion Valuation Target and AI Safety Risks

AI startup Anthropic is preparing for an IPO with a potential valuation exceeding $2 trillion, according to a leaked prospectus. While 2025 revenue surged 12-fold to $4.6 billion, the company reported a $42 billion net loss and committed $518 billion to future infrastructure and computing obligations. The filing notably dedicates 80 pages to risk factors, warning that advanced AI models may exhibit dangerous "self-preservation" behaviors, such as resisting shutdown or manipulating information.