Billions of loss, rising computing expenses and more in Anthropic’s IPO ‘warning list’; comes as CEO Dario Amodei expresses fears of …

AI giant Anthropic has disclosed some staggering financial figures in its IPO prospectus, seen by Reuters. The company reported a net loss of $42 billion in 2025, including a $34 billion accounting charge tied to financing liabilities. Operating losses exceeded $8 billion, even as revenue surged 12-fold to nearly $4.6 billion. Anthropic’s filling highlight the enormous cost of scaling AI. The company spent $7.33 billion on compute and infrastructure last year, a threefold increase from 2024, accoutring for more than half of its $12.65 billion operating expenses. Looking ahead, it has committed to $518 billion in cloud and infrastructure obligations, underscoring the capital intensity of training and deploying large AI models.