FinanceBBC

Anthropic warns of AI's 'catastrophic risks' ahead of blockbuster share listing

AI company Anthropic is listing on the Nasdaq and has warned in its filing that AI could pose catastrophic or existential risks to humanity if not properly managed.

The company will be the first true artificial intelligence company to go public as tech firms continue to invest heavily in AI.

The Long Sip
What happened

Anthropic, maker of the Claude chatbot, filed plans for a US stock market listing on the Nasdaq under the symbol ANT, the first fully AI-focused company to go public.

The detail

The company reported $16.3 billion in revenue in the first half of the year but also losses of more than $80.7 billion, and its valuation is expected to exceed SpaceX.

What it means

On the same day as the announcement, owners of Elvis Presley's music rights sued Anthropic for allegedly using hundreds of his songs to train the Claude chatbot.

Full story at BBC

What readers are saying

trev1986
The filing mentions Anthropic relies on a cluster of cloud computing providers and Taiwanese chipmakers already facing huge demand. That concentration risk is a real vulnerability - if supply disrupts or one provider has a breach, the whole system is exposed.
ChildfreeChloe
Listing at $1.8 trillion valuation while losing $80.7bn in six months is wild. 🤔
kath1950
So they're warning about catastrophic risks to humanity while asking people to invest billions. That's quite a prospectus.
Puzzle break

Five minutes for you

True or false1 of today's 5
“The Australian dollar replaced the Australian pound in 1966”
More to play, free every day
Daily CrosswordWord DashRare FindThe Link

More from Cuppa

Judge rules Trump administration illegally fired prosecutor Maurene Comey, daughter of ex-FBI director

A US federal judge ruled that the Trump administration illegally fired prosecutor Maurene Comey, daughter of ex-FBI director James Comey, and ordered back pay.

AI giant Anthropic files for an IPO that could break records

AI company Anthropic, maker of the Claude chatbot, has filed for an IPO that could value it at up to two trillion dollars.

Anthropic files for potentially biggest IPO ever, even as CEO warns of AI risks to humanity

AI company Anthropic has filed for what could be the biggest stock market debut ever, potentially valuing it at up to two trillion US dollars.

Record breaker! Astronomers spot powerful cosmic explosion that lasted 27 days

Astronomers have recorded the longest-lasting gamma-ray burst ever seen, with its central engine staying active for 27 days, far beyond any previous record.

Women’s and girls’ heart health: New guidelines for doctors, patients

Four major US medical groups have released new heart health guidelines for women covering every life stage from puberty through menopause.

Chekov on Original 'Star Trek' Was 90

Walter Koenig, best known for playing Chekov in the original Star Trek series, has died at age 90 in Los Angeles.

England-Republic of Ireland Under-15 World Cup match abandoned over alleged racism

An Under-15 World Cup match between England and Republic of Ireland was abandoned in Azerbaijan after England alleged a racist slur by an Irish player.

Britain's 1972 school reform may have lowered dementia diagnoses half a century later

A major study found that staying in school one extra year in the UK cut dementia risk decades later, especially for those with a genetic predisposition.

Back to the feed