Anthropic's net loss for the first half of 2026 was $80.7 billion, up from $13 billion a year earlier, according to a draft IPO prospectus reviewed by Reuters. About $72 billion of it is an accounting charge reflecting the higher estimated value of bonds that could convert into Anthropic shares, not cash spent on operations. The document shows nearly $9 billion spent on computing and infrastructure in the half (up from $2.3 billion) and commitments of at least $518 billion over a decade. Reuters says the listing is expected in November and that some investors are weighing a valuation of around $1.5 trillion.

Separately, on October 18 Anthropic said it will commit 5% of its shares, subject to stockholder approval, to a new Anthropic Public Benefit Fund, with 2% more possible for every 50% rise in the company's value above a baseline. It says the fund could make large nonprofit donations or direct distributions, for example to workers affected by AI, and that its equity won't be used for lobbying or political giving.