Bronco 28,307 Posted Tuesday at 05:37 PM Share Posted Tuesday at 05:37 PM https://www.reuters.com/business/finance/anthropics-ipo-prospectus-shows-sweeping-ai-vision-surging-costs-2026-09-28/ Fresh of one of its co-founders and leaders spending weeks in the news cycle talking up AI "doomerism". Reuters has obtained Anthropic's IPO prospectus which positions the company's estimate value at over $2trillion. The prospectus also outlines the following: Anthropic lost $42bn in 2025. It posted an operating loss of $2.98bn in 2024. The operating loss increased to $8.06bn in 2025. This is excluding a number of liabilities from previous fundraising. It has operating costs of over $12bn. It spent over $7bn on infrastructure in 2025. It is expecting to spend $518bn in the coming years on expanding infrastructure. Its revenue was $4bn in 2025. Anthropic said nearly a quarter of its revenue came from two customers last year, and as part of its risk factors, warned that many of its largest clients were not locked into long-term contracts and could cut or stop spending. The gays know how to party Quote Link to post Share on other sites More sharing options...
Bronco 28,307 Posted Tuesday at 05:38 PM Author Share Posted Tuesday at 05:38 PM Increasingly obvious that the AI doomerism is a political stunt to protect their market share. The gays know how to party 2 Quote Link to post Share on other sites More sharing options...
Economy 53,178 Posted Tuesday at 05:52 PM Share Posted Tuesday at 05:52 PM Its extremely common for new companies and industries to run losses during first several years of rapid expansion like Amazon, Netflix, some of the early internet and software companies etc But this is a new level of cash burn. Definitely expect a bubble to burst at some point for a lot of these companies 1 Quote Link to post Share on other sites More sharing options...
Economy 53,178 Posted Tuesday at 05:54 PM Share Posted Tuesday at 05:54 PM 15 minutes ago, Bronco said: Increasingly obvious that the AI doomerism is a political stunt to protect their market share. Or a 3rd possibility... both things are true at once which would be even worse 1 Quote Link to post Share on other sites More sharing options...
Bronco 28,307 Posted Tuesday at 06:07 PM Author Share Posted Tuesday at 06:07 PM 12 minutes ago, Economy said: Its extremely common for new companies and industries to run losses during first several years of rapid expansion like Amazon, Netflix, some of the early internet and software companies etc But this is a new level of cash burn. Definitely expect a bubble to burst at some point for a lot of these companies Yeah, like you say. You expect novel industry to take time to turn genuine profit. But this is not only a uniquely high level of cash burn, but an incredibly unstable business. $4bn annual revenue, where 25% is from 2 clients and the majority of its largest clients aren't locked in by contracts. That would normally cause a investor crash out in a normal industry. The gays know how to party Quote Link to post Share on other sites More sharing options...
Bronco 28,307 Posted Tuesday at 06:10 PM Author Share Posted Tuesday at 06:10 PM 13 minutes ago, Economy said: Or a 3rd possibility... both things are true at once which would be even worse AI can absolutely be dangerous. I just don't personally believe that Anthropic/OpenAI models have reached that point. If companies like Google/Apple etc all start lighting the warning fires of Gondor, then I'll panic. Because unlike Anthropic/Open AI they have alternative revenue streams to rely on for profit and are openly saying they're effectively allowing their AI labs to be cash drains for the forseeable future because they can afford to print money for them. And those companies aren't having these issues & are according to industry significantly further on development with their private models than Anthropic/Open AI. The gays know how to party 1 Quote Link to post Share on other sites More sharing options...
PartySick 175,059 Posted Tuesday at 06:13 PM Share Posted Tuesday at 06:13 PM I'm not an economics guy but why does it seem like AI is being propped up entirely by what people believe it can do in the future rather than what is has done or is doing now Seems like a disaster waiting to happen when a major economy like the US is being held up by the potential of one industry. Whimsical bitch 2 Quote Link to post Share on other sites More sharing options...
Bronco 28,307 Posted Tuesday at 06:14 PM Author Share Posted Tuesday at 06:14 PM Also not mentioned in the article, but was announced the other week at its annual Dreamforce event. Salesforce is effectively ending its independent AI development, and has effectively bought into Anthropic and will use Claude as the basis for "Agentforce" developments for Salesforce. Simultaneously cutting its spending risks on AI development and insulating itself from the threat posed by AI development in the CRM market. The gays know how to party Quote Link to post Share on other sites More sharing options...
Bronco 28,307 Posted Tuesday at 06:17 PM Author Share Posted Tuesday at 06:17 PM 1 minute ago, PartySick said: I'm not an economics guy but why does it seem like AI is being propped up entirely by what people believe it can do in the future rather than what is has done or is doing now Seems like a disaster waiting to happen when a major economy like the US is being held up by the potential of one industry. That's essentially whats happening. The markets are betting on the long term benefits & financial gains AI could potentially return to them. Its the biggest gamble in history. And if it works, it'll be like betting on Foinavon in the 1967 grand national. The gays know how to party Quote Link to post Share on other sites More sharing options...
VelvetVenus 257 Posted Tuesday at 06:28 PM Share Posted Tuesday at 06:28 PM 18 minutes ago, Bronco said: $4bn annual revenue, where 25% is from 2 clients and the majority of its largest clients aren't locked in by contracts. That would normally cause a investor crash out in a normal industry. 100% agree. A few years ago a company with this kind of report would be seen as a joke. I think the market relies on the ideia that the big companies will have to fund Anthropic/OpenAI's success because they'll become too dependant on them Crazy bubble being formed 1 Quote Link to post Share on other sites More sharing options...
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