Anthropic IPO Prospectus Reveals $42B Loss, $518B AI Infrastructure Spend Plan

Anthropic's IPO prospectus, seen by Reuters, projects AI will transform the economy more than industrialization or the internet, but at astronomical cost: a $42 billion net loss in 2025 and $518 billion planned spending on cloud, computing, and infrastructure next year. Revenue grew 12x to nearly $4.6 billion in 2025, yet losses widened sharply. The filing signals an aggressive capital-intensive bet on AI infrastructure, with implications for tech sector valuations and broader market sentiment.