They are preparing for a historic debut. The description of threats spans 93 pages.

Anthropic is preparing for a public debut that could value the company at $2 trillion, despite reporting significant losses. In the first half of 2026, revenues surged by 1300% to $16.3 billion, with over 14,000 business clients. However, the company faced a net loss exceeding $80 billion, largely due to infrastructure costs and changes in bond valuations. The IPO comes at a critical time for the AI industry, amid concerns over debt-financed infrastructure investments and AI safety. Anthropic has outlined major risks associated with AI, including potential misuse for biological weapons and economic disruptions. The company continues to develop its AI models, particularly Claude, which has seen a substantial increase in active users.