AI firm Anthropic files for Nasdaq IPO, reports $16.3 billion half-year revenue

Posted on by Vividh Bharathi

Washington, Oct 27 (IANS) Artificial intelligence company Anthropic, the maker of the Claude chatbot, has filed for an initial public offering in the US, disclosing explosive revenue growth alongside heavy losses as it prepares to list on the Nasdaq under the symbol “ANT”.

The San Francisco-based company said on Monday that Anthropic, PBC had filed a registration statement on Form S-1 with the US Securities and Exchange Commission for a proposed offering of its Class A common stock. “The number of shares of Class A common stock to be offered and the price range for the proposed offering have not yet been determined,” the company said.

According to the filing, Anthropic’s revenue was $41 million in 2023, $386 million in 2024 and $4.6 billion in 2025. In the six months ended June 30, 2026, revenue reached $16.3 billion, “representing a year-over-year growth rate of 1,300 per cent.”

“We do not expect our revenue will continue to grow at comparable rates, and we cannot assure you that it will continue to grow at all,” the company cautioned.

The filing shows a net loss of $41.97 billion for 2025 and $80.75 billion for the first six months of 2026.

Goldman Sachs and Morgan Stanley are leading a large underwriting syndicate that includes J.P. Morgan, Citigroup, Barclays and Wells Fargo Securities.

Founded in 2021, Anthropic is a public benefit corporation. Its Long-Term Benefit Trust, which the filing describes as “a financially disinterested trust”, generally has the power to elect and remove a majority of the board. Chief Executive Dario Amodei and President Daniela Amodei, together with five other co-founders, will hold a special Class F stock through a founders’ entity.

Claude is available on Amazon Web Services, Google Cloud and Microsoft Azure, and the company trains its models across Amazon Trainium, Google TPUs, Nvidia and AMD chips.

The prospectus contains no specific disclosure on India-based operations or Indian customers. It says the company has subsidiaries and operations in “the UK, the EU, Canada, and Asia-Pacific” and maintains “international offices in Europe and Asia-Pacific.”

India appears in the filing’s selling restrictions, which state the prospectus “has not been and will not be reviewed or approved by any regulatory authority in India, including the Securities and Exchange Board of India,” and that shares will not be offered to the public in India except under private placement exemptions.

Among risk factors, Anthropic flagged that “changes to immigration policies that restrain the flow of professional and technical talent, including but not limited to U.S. immigration policies, may inhibit our ability to recruit and retain highly qualified employees” — a concern for an industry that relies heavily on Indian engineers on H-1B visas.

It also warned of “targeted immigration or visa actions affecting our personnel” as a possible form of adverse government action, and said future US export controls on advanced chips “could limit where we or our partners are able to build data centers, constrain our international expansion, or increase our costs.”

The company noted that most of the world’s advanced chip manufacturing is concentrated in Taiwan, creating risks from “geopolitical tensions between Taiwan and China.”

–IANS

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TN Minister Keerthana condemns DMK woman functionary’s abusive remarks against CM Vijay

Chennai, Oct 19 (IANS) Tamil Nadu Minister Keerthana has strongly condemned alleged abusive remarks against Chief Minister C. Joseph Vijay by a DMK women’s wing functionary, questioning MP Kanimozhi and Chennai Mayor Priya Rajan for failing to intervene during the speech at a Chennai public meeting.

In a sharply worded social media statement, Keerthana accused the opposition party of tolerating personal attacks against a democratically elected Chief Minister.

She asked Kanimozhi and Priya, who were seated on the dais, whether they would publicly condemn the remarks or remain silent.

The controversy erupted after video clips of the speech circulated widely on social media, drawing protests from Tamilaga Vettri Kazhagam supporters. The woman allegedly used derogatory language against Vijay while accusing his government of failing to fulfil its election promises.

According to reports, she repeatedly called the Chief Minister a “dog” and alleged that the TVK administration was merely continuing subsidy schemes introduced by the previous government headed by M.K. Stalin.

TVK workers demanded police action against the speaker and others present on the platform. They questioned whether allowing such remarks was consistent with the progressive political values advocated by the DMK.

Keerthana alleged that Priya laughed during the speech while Kanimozhi remained seated without registering even a token objection. Some reports, however, described Kanimozhi as appearing uncomfortable during the remarks.

The minister said frustration over electoral defeat could not justify insulting an elected Chief Minister or appearing to enjoy such attacks from a public platform.

She argued that political leaders had a responsibility to maintain standards of public discourse, irrespective of their differences.

Keerthana also linked the controversy to earlier remarks allegedly made by DMK leaders against women, claiming that voters had already expressed their disapproval through the party’s recent bypoll defeats.

She said women’s participation in politics carried a responsibility to uphold dignity and accountability in public life. Merely occupying a political platform, she argued, was insufficient without maintaining those standards.

Urging Kanimozhi and Priya to condemn the speech, Keerthana warned that voters were closely watching the conduct of DMK leaders and would respond in future elections.

–IANS

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US, Japan reaffirm commitment to North Korea’s ‘complete denuclearisation’

Washington, June 11 (IANS) The United States and Japan reiterated their commitment to the “complete denuclearisation” of North Korea and rejected Russia’s notion that Pyongyang’s pursuit of nuclear arms was a “closed” issue, as they held key defence talks in Tokyo this week, according to a joint statement.

The allies held the bilateral Extended Deterrence Dialogue at Japan’s foreign ministry on Monday and Tuesday as they seek to reinforce security cooperation in the face of China’s growing assertiveness and North Korea’s advancing nuclear and ballistic missile threats, reports Yonhap news agency.

“They reaffirmed their commitment to the complete denuclearisation of the DPRK,” the joint statement read. DPRK is short for North Korea’s official name, the Democratic People’s Republic of Korea.

It added, “Both delegations discussed China’s dramatic and opaque nuclear weapons buildup and rejected Russia’s notion that the DPRK’s pursuit of nuclear weapons was a closed issue.”

During the defence talks, the two sides discussed US efforts to modernise and adapt US nuclear forces, as well as Japan’s defence policy and capabilities, “due to increasing regional nuclear threats,” according to the statement.

Japan encouraged the US pursuit of multilateral “strategic stability” talks to help avert a nuclear arms race, address concerns about nuclear testing, reduce nuclear risks, and bolster transparency, including through arms control dialogues with China and Russia, it said.

The US State Department and Defence Department, and Japan’s foreign and defence ministries, co-chaired the meeting, which included participants from the Japan Joint Staff, US Joint Staff, US Strategic Command, US Indo-Pacific Command and US Forces Japan.

Meanwhile, Howard Solomon, charge d’affaires ad interim at the US Mission to International Organisations in Vienna, Austria, reiterated Washington’s commitment to North Korea’s denuclearisation during the International Atomic Energy Agency (IAEA) board of governors meeting on Tuesday,

“Statements and actions by some to state that these programs are a ‘closed issue’ are unacceptable and undermine the nonproliferation regime,” he said, according to a transcript from the US mission’s website.

“We continue to consult closely with the Republic of Korea, Japan, and others to deter DPRK aggression, and we remain committed to the complete denuclearisation of the DPRK,” he added, referring to South Korea by its official name.

He underscored that the US remains “gravely concerned” about North Korea’s ongoing nuclear activities.

“The DPRK continues to advance its destabilising weapons of mass destruction and ballistic missile programs in violation of multiple UN Security Council resolutions. These programs pose a threat to America, our allies, and others, and undermine security in the region,” he said.

Moreover, he pointed out that Pyongyang unveiled purportedly new centrifuges for producing weapons-grade nuclear material last week, announcing plans to expand its nuclear forces “at an exponential rate.”

–IANS

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Pakistan debt swells to Rs 80 trillion, rising Rs 26 billion per day: Report

New Delhi, April 6 (IANS) Pakistan’s total public debt rose from Rs 71 trillion to Rs 80.5 trillion in 360 days, a government fiscal summary shows — a Rs 9 trillion increase across a period the government has described as one of economic stabilisation — a new report has said.

According to a report published in The News International, the increase translates to Rs 26 billion borrowed every day, including 19 gazetted public holidays.

Hourly, the government incurs Rs 1.08 billion in new debt. Moreover, every minute, that figure is Rs 18 million.

The report also noted that for every Rs 100 Pakistan’s economy produces, Rs 72 is already owed before any public service is funded. Moreover, the Pakistan government’s debt-to-GDP ratio has reached 72 per cent.

Of the Rs 9 trillion increase, Rs 2 trillion was disbursed in grants and a further Rs 2 trillion absorbed losses at state-owned enterprises.

None of the major loss-making entities — power utilities, gas companies, railways, steel, or the national airline — have undergone structural reform.

The government fleet currently comprises 85,500 vehicles, consuming Rs 114 billion in fuel annually.

“By 2030, debt servicing will consume Pakistani rupee (PKR) of tax revenue. Every IMF programme buys time. It does not buy reform. If we don’t put our house in order, there will be no house left to put in order,” according to the report.

It further pointed out that in 1971, a Pakistani child was born owing Rs 462 as its share of the national debt.

Now, that figure is Rs 333,041 — before the child has taken its first breath, before any government service has been rendered on its behalf.

Economists and fiscal analysts cited by the report warned that as debt servicing crowds out discretionary expenditure, investment in education and health will continue to decline.

Pakistan has had four governors-general, fourteen presidents, and twenty prime ministers since independence. The current rate of debt accumulation is the fastest in its 79-year history.

–IANS

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