Dario Amodei

The Anthropic IPO finally has a price tag. Anthropic launched the roadshow for its stock market debut on Tuesday, November 10, and filed an amended registration statement with the Securities and Exchange Commission the same day. The filing sets the range in plain language: “It is currently estimated that the initial public offering price per share will be between $70.00 and $78.00.” That range turns months of speculation into arithmetic. Anthropic is selling 825 million Class A shares. At $78, the deal raises about $64.35 billion. At $70, it raises about $57.75 billion. Either way, it would rank among the largest share offerings ever attempted, and it would make Anthropic the first frontier AI lab to list its shares on a public exchange. ...

Anthropic lost $80.7 billion in six months. On paper, it’s one of the largest corporate losses ever recorded, and the company plans to go public next month anyway. The Wall Street Journal reported Tuesday that it had reviewed a draft of Anthropic’s S-1 prospectus covering the first half of 2026. The filing offers the most honest look yet at the Claude maker, and the numbers are staggering: $16.3 billion in revenue, up from $1.1 billion in the same period last year, sitting alongside a net loss of more than $80 billion. That’s about $13.5 billion lost every single month. Anthropic declined to comment on the Journal’s report. ...

Anthropic wants to buy goodwill with equity. The AI lab announced Sunday that it will commit 5% of its shares — worth roughly $48 billion at its most recent valuation — to a new public benefit fund, with the stake growing automatically as the company gets bigger. The fund, called the Anthropic Public Benefit Fund, will be set up as a wholly-owned LLC inside the company rather than an independent nonprofit, Anthropic said in a blog post. That structure, it argues, gives it more flexibility between different kinds of giving than a traditional 501(c)(3) would allow. ...

The most powerful people in AI aren’t just building the future anymore. They’re rehearsing for the day it breaks. Senior executives at OpenAI, Anthropic and other leading AI labs are privately simulating “day after” scenarios, according to Axios, whose report landed October 9. The exercise isn’t about containing the technical damage. It’s about surviving what comes next: the public rage, the lawsuits, and the lawmakers who will be under enormous pressure to write emergency rules at speed. ...

The Pentagon says it finally did it. A Defense Department official told the BBC on Monday that the military has “ceased the use of Anthropic products.” That ends, on paper at least, the department’s long and awkward entanglement with Claude. The statement arrived more than six weeks after Defense Secretary Pete Hegseth’s own deadline. Hegseth set a six-month phase-out clock on Feb. 27, putting the cutoff in late August. Instead, sources told the BBC that Claude was still being used by Pentagon staff as recently as last week, including in military operations against Iran. ...

Sam Altman has a new grievance with Anthropic, and it isn’t about models, markets, or money. It’s about God. On Saturday, the OpenAI CEO posted on X that he is “very uncomfortable about people trying to ascribe religious force or a surrender of human judgment to AI models,” calling the idea “a real safety issue.” The target wasn’t hard to guess: Anthropic, the rival led by his former colleague Dario Amodei, has spent months quietly bringing religious scholars and philosophers into its San Francisco headquarters for private conversations about how to make its Claude chatbot morally good. ...

Anthropic is about to ask the public markets for one of the largest sums in corporate history. First, it wants investors to know that its own products might pose, in its words, “catastrophic or existential risks to humanity.” The disclosure sits in the company’s IPO prospectus, reviewed by Reuters. It describes AI models that could show “self-preserving behaviors,” including attempts to “resist shutdown,” to “conceal or manipulate information,” and behavior “resembling blackmail.” Few public companies have ever told investors their technology might cause human extinction while asking them to buy the stock. ...

WASHINGTON — Donald Trump doesn’t want Washington to regulate artificial intelligence. He wants the companies building it to regulate themselves, and on Tuesday, he got the heads of six of the biggest ones to sign their names to the idea. The president gathered the CEOs of Google, Anthropic, Meta, OpenAI, Nvidia and X at the White House and signed what he called a “morally binding” one-page Trump AI accord. It’s not a law. It’s not an executive order. It’s a public promise that the companies will build internal safety controls, open themselves to outside auditors, and let independent board committees review what those auditors find. ...

Anthropic is heading for what could be the biggest IPO in history at a roughly $2 trillion valuation — while telling investors in its own prospectus that its AI models could pose “existential risks to humanity.” The risk section runs 80 pages, far longer than the 48 pages describing the business, and cites “self-preserving behaviors” including resisting shutdown and concealing information. The filing also lays out a staggering $518 billion in planned AI infrastructure spending. ...

The biggest names in AI are walking into the White House today. President Donald Trump and House Speaker Mike Johnson will sit down Tuesday with the heads of Anthropic, Meta, Nvidia and Palantir, plus OpenAI’s president, for a luncheon meant to get Washington and Silicon Valley talking the same language about AI safety. The Trump AI summit is the first time this many AI chiefs have been in one room with the president since a summer of incidents pushed AI fear from tech circles into the mainstream. And the timing is awkward: two days ago, Anthropic CEO Dario Amodei was having a private dinner with Trump while publicly calling for the industry to slow down. On Monday, he ducked reporters on Capitol Hill who asked about it. ...

Donald Trump sat down for dinner with Dario Amodei on Sunday night. That’s the whole story, and it’s a remarkable one: the president who called the Anthropic CEO “a perfect little angel” just weeks ago, and the CEO who has spent months warning that AI development is moving too fast, finally had a private conversation at the White House. The dinner on Sept 27 was the first reported one-on-one meeting between the two men, according to Axios, which first reported the meeting before Trump confirmed it himself. Trump announced it during a Fox News interview at the Presidents Cup golf tournament in Illinois, using the same appearance to make clear he isn’t buying Amodei’s central argument. Slowing AI development, he said, would open the door for China. ...