Anthropic reveals $80bn loss as AI giant files for blockbuster IPO

Anthropic has revealed an $80.7bn (£60bn) first-half loss as the AI giant filed for a blockbuster US stock market listing that could value the company at up to $2 trillion. The Claude developer published its long-awaited IPO prospectus with the US Securities and Exchange Commission on Monday, offering investors their first detailed look at its finances ahead of what could become one of the largest flotations in history. Revenue surged to $16.3bn in the six months to June, up from $1.1bn a year earlier, as businesses ramped up spending on its AI models and coding tools. However, the company reported a net loss of $80.7bn over the same period, including around $72bn in non-cash accounting adjustments linked to convertible debt and other financing instruments. It lost $42bn in 2025. Anthropic also spent $9bn on AI infrastructure in the first half of 2026, compared with $7.3bn across the whole of last year, underlining the mounting costs of developing and operating advanced AI