Smash Notes

Back to Inside Anthropic’s IPO + How AI agents spy on your messages, with Meredith Whittaker.

Which AI Company Filed to Go Public First?

Kevin Roose says Anthropic has officially filed to go public, and he calls the listing potentially one of the largest IPOs in history. Casey Newton says Anthropic is the first of the frontier labs to file. The company sent a confidential prospectus to the Securities and Exchange Commission in June, and the public version now runs about 400 pages.

An S-1 is the prospectus a company files before it sells shares on a stock exchange. It has to show the balance sheet, the cash flows, and who owns how much of the company. Kevin Roose describes that as Anthropic standing on a public stage, warts and all, and asking the world to judge it.

Casey Newton says his fiancé works at Anthropic, so the offering could have a major effect on his family. What helps Anthropic as a public company helps his family too.

Grokipedia·Kevin Roose·Casey Newton

Transcript

Inside Anthropic’s IPO + How AI agents spy on your messages ·

Machine Gods

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  1. What Is Anthropic's 900% Net Revenue Retention?Casey Newton says Anthropic's filing reports 900 percent net revenue retention.
  2. How Can Anthropic Lose Money and Still Generate Cash?Kevin Roose says Anthropic reported an $80.7 billion net loss for the six months ending June 30, and that most of the loss comes from convertible notes.
  3. Who Gets Rich When Anthropic Goes Public?Casey Newton expects Anthropic going public to create hundreds, maybe a couple thousand new millionaires, multimillionaires, and decamillionaires in San…
  4. How Can an AI Agent Read Signal Messages?Meredith Whittaker says an AI agent on a phone or computer can erase the privacy Signal is able to offer. Encryption still hides a message on the way.
  5. Why Does Signal Want an Opt-out From Phone AI?Meredith Whittaker says Signal blocked screenshots on desktop a little over a year ago, after Microsoft Recall started watching what people did on their…
  6. Why Do Governments Still Want Encryption Backdoors?Meredith Whittaker says governments have tried to get through encryption since the crypto wars of the 1990s.
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