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Anthropic filed their S-1, a required document for IPO * $80B on-paper loss in H1 ‘26 * 900% revenue retention * $430B in non-cancelable compute commitments * $1.62B operating income www.anthropic.com/news/s1-sec

anthropic.comAnthropic files S-1 with the SEC for proposed initial public offeringAnthropic is an AI safety and research company that's working to build reliable, interpretable, and steerable AI systems.

mr. TIM

@timkellogg.me

fyi the $80B loss is mostly an accounting quirk. In other words, if you’re not already up to speed on accounting practices, it’ll take a while to even understand what it is for most people, just look at the operating income and consider that the profit

mr. TIM

@timkellogg.me

“This is likely the most efficient scaling of a business in the history of capitalism.”

26/10/26, 4:38 pm0 reposts23 likes

Time Spinner

@spinny.bsky.social

what actual competition does to a business