A leaked IPO prospectus for AI company Anthropic reportedly reveals that the company remains unprofitable, despite experiencing significant revenue growth. The document also dedicates a substantial portion, a third, of its content to the topic of existential AI risks.
According to reports, Anthropic recorded an $8 billion loss against $4.6 billion in revenue. The company also reportedly intends to invest around $500 billion in cloud computing over the coming years. One expert speculated that OpenAI's financial figures might be even less favourable than Anthropic's, suggesting that the more money AI companies earn, the more they may need to spend.
While there was a report of Anthropic achieving profitability on an adjusted basis in Q2 of this year, this was reportedly after stripping out training and certain other costs. The company's operating loss last year was almost double its revenue. Despite this, Anthropic is believed to be growing faster than OpenAI due to its earlier entry into the enterprise sector and its increasing importance to more companies.