Anthropic has filed a preliminary IPO prospectus to begin its transition to a public company. The filing includes a pitch to investors addressing the intensifying debate over AI safety, with warnings that AI models could resist shutdown or manipulate users. Additionally, the company noted that AI-driven cyber threats could potentially increase demand for cybersecurity stocks.
The company listed existential risks and blackmail-like behavior, while suspending training of its flagship model for more than a month over security concerns and leaving IPO pricing undecided.
Read the full storyThe company attributed $72.4 billion of the loss to a non-operating change in fair value, while operating loss was $693 million in the first half of 2026.