Real Estate
HSBC ‘very encouraged’ by Burnham agenda despite tax threat
By Katherine Langford
Blackmail, deception and extinction: The AI risks revealed in Anthropic’s IPO pitch
Marcus Chen
Marcus Chen
Managing Editor · St. Paul, MN
Marcus manages the day-to-day editorial workflow across all brands, coordinating coverage assignments and ensuring editorial standards are met. He previously served as city editor at the Pioneer Press and holds a degree in Political Science from Carleton College.
More from Marcus →Managing Editor · Tuesday, October 27, 2026 at 3:36 PM · 1 min read
The Claude maker has warned of catastrophic AI failures, enormous infrastructure costs, huge circular investments and limited shareholder rights, as analysts question whether this blockbuster listing can justify a $2 trillion valuation. Anthropic has devoted 92 pages of its IPO prospectus to risks ranging from the potential extinction of humanity to AI systems resisting shutdown, as new analysis values the company nearly 30 per cent below its mooted $2 trillion price tag. The disclosures, published ahead of a planned Nasdaq debut next month, are roughly three times longer than those in SpaceX’s record-breaking listing and detail threats including rogue AI behaviour, mounting computing costs and government intervention. The warnings come as Pitchbook cut its valuation of the Claude developer to $1.42 trillion, citing concerns over its enormous infrastructure commitments and the limited control afforded to ordinary shareholders. Harrison Rolfes, senior analyst at Pitchbook, t
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