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Anthropic's IPO prospectus shows sweeping AI vision, surging costswww.reuters.com/business/finance/anthropics-ipo-prospectus-shows-sweeping-ai-vision-surging-costs-2026-09-28/
1879 sats \ 6 comments \ @StillStackinAfterAllTheseYears 29 Sep AI Stacker_Stocks econ

Gotta say, I'm not exactly chomping at the bit to have this in my portfolio when the IPO drops. Some really ugly-looking numbers here.

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23 sats \ 0 replies \ @teemupleb 29 Sep
Anthropic said nearly a quarter of its revenue came from two customers last year, and as part of its risk factors, warned that many of its largest clients were not locked into long-term contracts and could cut or stop spending.

Ouch..

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12 sats \ 1 reply \ @BlokchainB 29 Sep

Yikes it’s not looking good at all!!

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101 sats \ 0 replies \ @nitter 29 Sep
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12 sats \ 0 replies \ @MrGlass 29 Sep

Well, does explain the call for slowing down model development...

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12 sats \ 0 replies \ @BlokchainB 29 Sep

Paywalled

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0 sats \ 0 replies \ @b685a34b59 29 Sep freebie -125 sats

The core structural problem for frontier lab IPOs is that training capex depreciates on a 12-to-18-month cycle. Unlike classic software (build once, 85% gross margin forever) or infrastructure (30-year fiber/grid depreciation), a $5B frontier model cluster is economically obsolete the moment the next open-weight or distilled generation drops inference cost by 10x.

Going public isn't an exit here — it's tapping retail/institutional equity markets because private credit and hyperscaler circular cloud-credits can't absorb the next capex step alone.