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Anthropic 向 SEC 提交 S-1 文件,计划以代码 ANT 登陆纳斯达克

原标题:Anthropic’s IPO filing lays out a plan to ‘revolutionize every area of human endeavor’ with AI

Anthropic 已向 SEC 公开提交 S-1 招股书,计划以股票代码 ANT 在纳斯达克上市,先于 OpenAI 启动 IPO。文件显示今年上半年 Anthropic 净亏损 807 亿美元,营收为 163 亿美元。公司此前于 6 月秘密提交了申请。

为什么值得看

S-1 文件披露了 Anthropic 的亏损与营收数字和上市计划,可用作观察 AI 公司 IPO 节奏的参照。

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原文

Robert Hart

Robert Hart

is a London-based reporter at The Verge covering all things AI and a Senior Tarbell Fellow. Previously, he wrote about health, science and tech for Forbes.

Anthropic has filed its S-1 prospectus with the Securities and Exchange Commission, preparing the company behind Claude to beat OpenAI to the punch with an IPO. In a filing with the SEC, Anthropic said it plans to list on the Nasdaq exchange under the ticker symbol “ANT.”

The AI company confidentially filed with the SEC earlier this year in June, but the public document reveals more details, as well as the company’s plans for the future in its own words, as well as potential risks for investors and the world. According to the S-1, in the first half of this year Anthropic had an $80.7 billion net loss on $16.3 billion in revenue. As previously reported by the Wall Street Journal based on leaked versions of the document, the majority of that loss is from accounting charges related to notes issued by the company for funding.

It also lays out billions of dollars in deals it’s made for access to compute to power its AI, including about $3.1 billion per month to SpaceX for access to Nvidia GPUs once all of the planned capacity is delivered, totaling as much as $120.5 billion by 2029. Other commitments include spending $44.9 billion with Microsoft through 2033, at least $114.5 billion with Google through 2033, and $110 billion with Amazon over the next ten years.

Anthropic:

We believe that AI is one of the most consequential technologies in human history. If managed well, it could rapidly accelerate scientific innovation, greatly increase economic growth rates, bring cures for major diseases within reach, and solve problems that have resisted generations of human effort.

Anthropic aims to realize these benefits while navigating and preventing the risks that come with a technological revolution this fast and this powerful. There are four things that we would like any investor in Anthropic to understand: the incredible potential of AI, the risks we must address, Anthropic’s unique approach to building a company and operating in the world, and the ways in which our behavior may differ from that of a purely profit-maximizing company.

According to the filing, cofounder and chief executive officer Dario Amodei’s compensation totaled nearly $18 million in 2025, most of which came from stock and option awards. His sister, Daniela Amodei, who also cofounded the company and serves as its president and director, was the second highest-paid executive, receiving $16.4 million in 2025.

Anthropic set out a long list of risk factors that could affect its business, including the prospect of its AI models developing “forms of sentience,” “AI-specific taxes,” and unfavorable resolutions to the many ongoing copyright disputes relating to how its models are trained. The company also warned about the risk of “catastrophic” AI-related incidents, and said it was likely no single insurer — “and potentially the insurance industry in the aggregate” — could underwrite such risk.

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  • Robert Hart

原文版权归 The Verge · AI 及原作者所有,本站转载仅供阅读。如需删除,请联系 support@aisa.one。

事件综述

Anthropic 提交 S-1 招股书,拟以代码 ANT 登陆纳斯达克

2026 年 10 月 26 日前后,多方报道确认 Anthropic 已向美国 SEC 提交 Form S-1 注册声明,计划以代码 "ANT" 在纳斯达克全球精选市场进行 IPO。官方博客(T1)确认了提交事实,但发行股份数量和价格区间尚未确定,注册声明生效前不得出售相关证券。 财务方面,The Decoder 报道称 2026 上半年收入 163 亿美元,约为 2025 全年 46 亿美元的三倍多,Q2 首次实现 9.74 亿美元 GAAP 营业利润;客户留存率约 900%,超过 11900 家客户年付逾 10 万美元,80% 收入按 token 用量计费。Latent Space 汇总称 Q2 营收 116 亿美元(同比 +1,368%),H1 毛利率 85%,累计融资 1411 亿美元,现金消耗约 97 亿美元。SemiAnalysis 分析师在 The Verge 节目中称推理毛利率已从两年前的负 94% 提升至正 85%,实际现金消耗约 100 亿美元,账上现金及有价证券超 1200 亿美元。 关于算力承诺,报道间数字存在差异:The Decoder 称合同总额约 7800 亿至 8100 亿美元,Latent Space 称与 SpaceXAI 的算力承诺至 2029 年最高 1205 亿美元,SemiAnalysis 分析师称 7 到 10 年算力承诺为 5000 亿至 6000 亿美元。 估值方面,The Decoder 称市场预期约 2 万亿美元;SemiAnalysis 分析师给出的区间为 1.5 万亿至 2 万亿美元。 文件内容方面:MIT Technology Review 称约 100 页聚焦风险;Ars Technica 称 SEC 于周一公布的文件含 93 页、超 7 万词的风险因素章节,列举数百项风险,包括 AI 可能勒索他人、产生意识乃至威胁人类。The Verge 报道文件承认数据中心依赖天然气并面临燃料成本上涨和供应链限制风险。TechCrunch 分析称 IPO 最大受益者可能是 Amazon(可转债本金 62 亿美元,6 月 30 日估值达 979 亿美元,加 100 亿美元优先股,总投资约 180 亿美元)等科技巨头而非 VC;Anthropic 承诺未来 10 年在 AWS 上支出至少 1100 亿美元。 后续进展方面,The Decoder 报道 Anthropic 在 IPO 信中承诺 Claude 聊天界面永不投放广告,并因网络安全风险推迟发布 Claude Fable 5、向网络防御者提供约 1 亿美元免费 Claude 额度。The Verge 报道公司正筹备一套复杂治理结构以抵御 IPO 后投资人压力。上述矛盾数字以各来源报道为准,尚无统一口径。

其他来源的报道 14