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Anthropic files S-1 for proposed IPO
Anthropic filed its S-1 with the SEC on Oct 26, 2026; the registration statement is not yet effective.
TLDR
Anthropic said it filed an S-1 with the SEC for a proposed IPO. One reader of the filing says serving Claude earns an 85% gross margin, up from 12% a year earlier, while 73% of Anthropic’s compute so far in 2026 went to research and training. The reader predicts training will keep profits thin through 2027.
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