NEW YORK (Diya TV) — Anthropic, the company behind Claude, has filed to list its Class A shares on Nasdaq under the ticker symbol ANT. Its public filing presents a business expanding quickly while making large commitments to the computing infrastructure that powers its AI models. It also warns that advanced AI could create severe risks.
Anthropic has not disclosed its IPO price range, the number of shares it plans to sell or a listing date. Investors will have to wait for those terms to assess the offering’s size and the company’s proposed market value.
The filing reports $16.29 billion in revenue for the first half of 2026, compared with $1.16 billion in the same period last year. Anthropic generated $4.59 billion in 2025, up from $386 million in 2024. It reported an $80.7 billion net loss for the first six months of 2026, but $72.4 billion of that amount came from changes in the reported value of convertible notes and other financing instruments. Its operating loss was $693 million for the period.
That distinction matters: the net loss reflects financing-related accounting changes as well as business expenses. Anthropic still faces substantial operating costs. Computing and infrastructure consumed nearly $9 billion in the first half of 2026, according to the filing.
Anthropic’s models require large amounts of computing power to train and serve customers. The company has disclosed commitments to cloud and infrastructure partners worth hundreds of billions of dollars over time. The agreements include at least $110 billion with Amazon, $114.5 billion with Google and $44.9 billion with Microsoft, according to reported details from the filing.
Those relationships provide computing capacity but also create dependencies. Anthropic warns that cloud providers could limit access, raise prices or prioritize their own AI products. Chip shortages, data-center construction delays or local opposition to new facilities could also restrict its expansion. The filing identifies Taiwan’s role in advanced chip manufacturing as another supply-chain risk.
Anthropic’s revenue depends on a relatively small group of large customers. If major customers reduce purchases, switch to competing models or build their own AI systems, the company could lose significant revenue. Anthropic also competes with OpenAI, Google, Meta and other companies for customers, talent, chips and computing capacity.
The filing warns that users could exploit advanced models to support cyberattacks, biological weapons development or other harmful activity. It also describes risks from AI systems that act with greater independence, including the possibility that a system could pursue goals in ways that conflict with human instructions or resist attempts to stop it.
Anthropic says a severe AI-related incident could cause injuries or deaths, trigger lawsuits and regulation, damage public trust and weaken demand for its products. The filing also flags risks involving child safety, suicide-related content and uncertainty over who bears legal responsibility when an AI system causes harm.
These are risks described for investors, not claims that catastrophic outcomes have occurred. Anthropic says it evaluates its models and applies safety measures, while warning that those safeguards could fail or prove inadequate as systems become more capable.
Anthropic is organized as a public-benefit corporation, which must consider its public mission alongside shareholder returns. The filing describes a governance structure under which the seven co-founders would retain 50.1% of voting power through a special share. A Long-Term Benefit Trust would select a majority of the board and oversee the company’s public-benefit mission.
That structure could limit ordinary shareholders’ influence after the IPO. Anthropic also acknowledges that delaying or restricting products for safety reasons could conflict with investors’ short-term financial interests.
The company also faces lawsuits over material it allegedly used to train Claude. Rights holders associated with Elvis Presley have sued, alleging Anthropic used 274 Presley songs without permission. The case remains unresolved, and the allegations have not been proven. Anthropic warns that copyright disputes could lead to legal costs, damages or limits on how it trains and sells its models.
Anthropic’s IPO will test whether public investors will fund a company with rapidly rising revenue, major infrastructure commitments and significant legal, supply-chain and AI-safety risks. The filing details those trade-offs, but the offering’s price, size and market reception remain unknown.
