The Blackmail Warning In Anthropic’s $2 Trillion IPO

💡 This article first appeared in The Lever’s flagship newsletter, Lever Daily . The artificial intelligence giant Anthropic has released its IPO paperwork to go public on the stock market, and the numbers are sobering. After losing $42 billion in 2025, the maker of the chatbot Claude reported $80 billion in net losses in the first half of 2026. During that time, nearly 50 percent of Anthropic’s…

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