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The Economic Times
The Economic Times
Business

Anthropic IPO: Rising costs, risks, rapid growth mark AI frontrunner

Anthropic unveiled its US initial public offering paperwork on Monday, setting up for a blockbuster market debut that would test investors' willingness to fund the AI juggernaut's bills amid growing worries over the massive debt-fueled spending.

The company had submitted a confidential filing in June. In the recent weeks, exclusive reporting from Reuters highlighted its sweeping AI ambitions, mounting costs and concerns about the "existential risks to humanity" that advanced AI poses.

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