Funding
Anthropic Prepares for $2 Trillion IPO
AI company Anthropic is preparing for a public offering on Nasdaq under the ticker ANT, expected in mid-November. The company reported a $80.7 billion net loss for the first half of 2026, despite a revenue increase of 1,300% to $16.3 billion. Anthropic's co-founders retain 50.1% voting control, while the company holds $112.4 billion in cash and equivalents as of June 30. The company raised concerns about the risks of advanced AI systems and indicated the need for additional funding due to rising compute expenses.