Anthropic files S-1: costly growth, top-customer concentration, and governance risks.
Anthropic filed to go public, releasing audited 2026 interim results. Revenue was $16.3B in H1 2026, but a net loss of about $80B driven by a $72.4B one-off charge; AI infrastructure costs near $9B in H1. With five customers making up 25% of revenue and a public-benefit status, valuation and profitability concerns loom for investors.
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