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🤖 Anthropic IPO Filing

Anthropic filed an S-1 for an IPO after the congressional elections. Reuters highlighted key figures.

Revenue rose 12-fold in 2025. The two largest clients each account for 12% of revenue.

GAAP net loss in FY25 was $42 billion, while actual cash operating losses were about $8 billion. The rest reflects accounting for instruments convertible into Anthropic shares. Valuation could exceed $2 trillion.

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