Anthropic Is Going Public. Here's What Its Filing Reveals | Fortune Daily

Anthropic has filed to go public, and for the first time we can see its finances. The company behind Claude reported $16.3 billion in revenue for the first half of 2026. That's more than 13 times what it made a year earlier. It also posted an $80.7 billion net loss, one of the biggest half-year losses ever. About $72.4 billion of that loss comes from an accounting charge tied to convertible notes. Anthropic plans to list on the Nasdaq under the ticker ANT, and recent reports say it is targeting a valuation of $1.5 trillion to $2 trillion. Fortune Senior Editor Beatrice Nolan, who wrote the story, breaks down what the filing shows about Anthropic's growth, how its seven cofounders keep control, its dependence on a handful of big customers and the Amazon, Google and Microsoft cloud marketplaces, and its own warnings about the risks of advanced AI. Also in this episode: The Big Number: Companies are using more AI than ever, but they aren't spending more on it, because the price keeps dropping. Ramp lead economist Ara Kharazian explains. "SKI-ing," or spending the kids' inheritance: Some retired boomers are spending their savings on travel and experiences. Fortune Success Editor Orianna Rosa Royle looks at the generational clash over whether that money is a family legacy or a reward for a career of hard work. Read the story: https://fortune.com/2026/10/26/anthropics-s-1/fortune Subscribe to Fortune: https://fortune.com/subscribe/ Additional images courtesy of Getty Images