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Anthropic's IPO Prospectus Is a Fucking Doozy

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Hacker News | Sep 30, 2026 | danaris

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They spent $13 billion to make $5 billion last year. Their revenue is growing rapidly, yes, but their costs are growing even faster. If Anthropic is losing a fortune now with $13 billion in costs how are they going to break even spending $100+ billion per year?

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