20261001 - Anthropic IPO filing: the disaster in numbers

when you can't fiddle the numbers any more

https://pivot-to-ai.com/2026/10/01/anthropic-ipo-filing-the-disaster-in-numbers/ - blog post

Patreon: https://www.patreon.com/davidgerard Ko-Fi: https://ko-fi.com/A1529D5 Buy us nice useful things (if not in the UK, set your own delivery postcode to SW1A 0AA): https://www.amazon.co.uk/hz/wishlist/ls/3Q8VZW46J6DM6 Get an extremely cool Pivot to AI shirt or mug: https://pivot-to-ai.redbubble.com RØDE COLORS Set 1 for the NT-USB Mini https://link.amazon/B0b8FZWf7 (UK) https://amzn.to/4zeSZ2x (US) Send in your story tips and non-slop sponsorship offers: dgerard@gmail.com

Social media:

https://circumstances.run/@davidgerard https://bsky.app/profile/davidgerard.circumstances.run.ap.brid.gy Sources:

Anthropic's IPO prospectus shows sweeping AI vision, surging costs https://www.reuters.com/business/finance/anthropics-ipo-prospectus-shows-sweeping-ai-vision-surging-costs-2026-09-28/ Anthropic's $518 billion AI buildout hinges largely on deals that cannot be canceled, filing shows https://www.reuters.com/business/anthropics-518-billion-ai-buildout-hinges-largely-deals-that-cannot-be-canceled-2026-09-29/ Anthropic IPO prospectus lays bare deep dependence on Big Tech partners https://www.reuters.com/world/anthropic-ipo-prospectus-lays-bare-deep-dependence-big-tech-partners-2026-09-29/ Anthropic Said to Target Mega-IPO Before Thanksgiving Holiday https://www.bloomberg.com/news/articles/2026-10-01/anthropic-said-to-target-mega-ipo-before-thanksgiving-holiday AI Risk Is Everywhere and It's Making Billion Dollar Funds Nervous https://www.bloomberg.com/news/features/2026-09-20/ai-boom-is-making-diversifying-investments-tough-for-wall-street Texas Teachers' CIO warns AI capex boom echoes past busts https://pitchbook.com/news/articles/texas-teachers-cio-warns-ai-capex-boom-echoes-past-busts Extras:

Recovering After Gen AI meetup (go to Sunday 4 October, click on "5:00 PM", enter your email) https://scheduler.zoom.us/kim-crawley-she-her-toronto/recovering-after-gen-ai-an-open-discussion Kat Jones interview supporter preview (Patreon) https://www.patreon.com/davidgerard/posts/kat-jones-aprs-170936617 Kat Jones interview supporter preview (YouTube) https://www.youtube.com/watch?v=76JoL8OMWZk&list=UU9rJrMVgcXTfa8xuMnbhAEA Ghost in the Machine on PBS (US) https://www.youtube.com/watch?v=dLQzVLtvdv8&list=UU9rJrMVgcXTfa8xuMnbhAEA Previously on Pivot to AI:

The SpaceX IPO works like a crypto fraud, but with AI https://pivot-to-ai.c