The AI company’s first public financial disclosures reveal explosive growth, huge costs and risks ranging from cyber-attacks to the limits of safeguards

Anthropic has filed to go public on the US stock market, revealing for the first time the AI research lab’s financials and all the risks – more than 90 pages of them – that might negatively affect its business.

The company’s investor prospectus, released on Monday, veers from hyperbolic predictions about AI’s “incredible potential” to existential risks of the technology to the reality of its current business: explosive but incredibly expensive growth. The filing to US financial regulators, known as an S-1, provides the public’s first look at an audited version of Anthropic’s finances.

Low-cost broadband provider Jio Platforms aims for £81bn valuation when it floats on the stock market on Wednesday

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India’s second-richest man, Mukesh Ambani, is launching what could be the country’s biggest-ever initial public offering (IPO), despite a stock market downturn.

Mumbai-based Jio Platforms, a telecoms company backed by Meta Platforms and Google, is hoping to raise up to 302bn rupees (£2.4bn) and is targeting a 10.3tn rupees valuation when it floats on the stock market from Wednesday.

Reported admission to investors of AI’s ‘self-preserving behaviours’ comes as company prepares for a potential $2tn flotation

Anthropic is telling investors that advanced AI could pose “catastrophic or existential risks to humanity”, according to reports, as it prepares for a potential $2tn (£1.5tn) flotation.

The warning inside the startup’s IPO prospectus, which has yet to be made public, was reported by Reuters and the Financial Times. It follows the company’s call for a slowdown in breakneck development of the technology – a warning echoed by rivals.