Anthropic reveals plans for blockbuster IPO

Artificial intelligence giant Anthropic, the company behind the popular Claude chatbot, has filed papers to sell shares to the public for the first time.

The filing sets up the San Francisco company for a Wall Street debut next month in what could be the biggest ever initial public sale of stock.

This first look at financials shows a loss in the first six months of this year and that just two unnamed customers were responsible for nearly a quarter (23%) of all revenue.

Such concentration of revenue could fuel fears that AI spending is circular and is mostly from a handful of large companies.

A massive 1,300% revenue growth was recorded in the six months to 30 June 2026, bringing in $16.3bn.

But this could mark a high point, with the company saying, "we cannot assure you [revenue] will continue to grow at all".

Existing customers spend roughly nine times what they did a year ago with net revenue retention at about 900%, the filing said.

Net loss widened sharply to $80.7bn.

However, almost all of that figure - $72.4bn - is down to an accounting charge caused by Anthropic's own valuation soaring.

The bulk of the remaining losses came from a near-$9bn outlay on computing power and infrastructure.

The operating loss was $693m.

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the fullest version.

You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow us on WhatsApp and subscribe to our YouTube channel to keep up with the latest news.

(c) Sky News 2026: Anthropic reveals plans for blockbuster IPO