Anthropic flags billions in losses and AI risks ahead of IPO as Dario Amodei urges caution

AI giant Anthropic has disclosed some staggering financial figures in its IPO prospectus, seen by Reuters. The company reported a net loss of $42 billion in 2025, including a $34 billion accounting charge tied to financing liabilities. Operating losses exceeded $8 billion, even as revenue surged 12-fold to nearly $4.6 billion. Anthropic’s filling highlight the enormous cost of scaling AI. The company spent $7.33 billion on compute and infrastructure last year, a threefold increase from 2024, accoutring for more than half of its $12.65 billion operating expenses.