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Anthropic's IPO prospectus shows AI vision, surging costs

143 points · 150 comments · 6thbit

  1. camdenreslink · · focus · HN ↗
    Some of these numbers are crazy. The scale of them is hard to comprehend.

    - $42 billion net loss in 2025

    - $518 billion in infrastructure obligations coming up (EDIT)

    - 1/4 of revenue coming from 2 customers

    1. kamranjon · · focus · HN ↗
      does anyone understand what this part actually means?

      "The near-$42 billion net loss included a roughly $34 billion accounting charge that reflected an increase in the estimated value of financing that could eventually turn into Anthropic shares, rather than money the company spent running its business."

      1. AntiRush · · focus · HN ↗
        This is likely a convertible debt investment from Amazon being revalued. The numbers are pretty close, there might be some smaller notes in there too.

        <a href="https:&#x2F;&#x2F;www.sec.gov&#x2F;Archives&#x2F;edgar&#x2F;data&#x2F;1018724&#x2F;000101872426000014&#x2F;R9.htm" rel="nofollow">https:&#x2F;&#x2F;www.sec.gov&#x2F;Archives&#x2F;edgar&#x2F;data&#x2F;1018724&#x2F;000101872426...

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