Silicon Valley wants you to invest in miracles

Anthropic's 335-page S-1 filing, including 94 pages of risk factors, pairs sweeping claims about bringing forth "an age of miracles" with warnings that its AI could pose "catastrophic or existential risks to humanity." The founders describe the filing's candor as an "anti-sell" strategy aimed at long-term investors, while the document omits third-quarter results and discloses hundreds of billions of dollars in computing obligations. The article contrasts the filing with Apple's 47-page 1980 prospectus and WeWork's 2019 S-1, and notes Anthropic will go public as a public benefit corporation.