Anthropic’s IPO Prospectus Shows a $42B Loss
A prospectus seen by Reuters shows Anthropic lost about $42 billion in 2025, roughly $34 billion of it an accounting charge, and reportedly points to a valuation above $2 trillion and a listing after the midterms. OpenAI cancelled its October model release after safety testing, and Florida asked a court to halt ChatGPT development. In M&A, AMD agreed to buy World Labs for $8.2 billion, and Monzo is reportedly in early talks with Nubank at £8 billion to £10 billion.