Anthropic's Leaked $2T IPO Reveals $518B Gamble

Dario Amodei wants a $2 trillion Anthropic IPO this fall, more than double Anthropic's valuation back in May. Revenue is up twelvefold, which sounds incredible until you see what the company is committing to spend on AI compute and Google TPUs just to keep the lights on. Reuters got the Anthropic IPO prospectus, and the spending number is almost impossible to square with the growth story.

CHAPTERS

00:00 Anthropic IPO Prospectus Leaked: $2 Trillion Valuation

00:59 Anthropic $42 Billion Loss Explained

01:35 Anthropic Operating Loss: The Real Burn Rate

02:03 Anthropic Compute Spending: Where the Money Goes

02:35 Dario Amodei's $518 Billion AI Infrastructure Bet

03:35 Anthropic Revenue Jumps 12X

04:15 SpaceX IPO Crash: Wall Street Skepticism

04:50 Anthropic vs OpenAI: Funding Comparison

05:15 Anthropic AI Risk Disclosure

05:45 Anthropic IPO Date: November After the Midterms