Anthropic has filed its IPO prospectus, a 335-page document with roughly 100 pages devoted to risks, according to MIT Technology Review's The Download newsletter. The filing lays out the company's view of the technology it is building and how it believes that technology will change the world.

The newsletter says the listing could determine the future of the AI investment boom. It also reports, citing CNBC, that the prospectus warns of catastrophic AI risks and huge compute costs. Per Reuters, the filing exposes safety failures and a month-long training pause. Per the New York Times, it reveals soaring revenues alongside staggering losses. According to The Verge, Anthropic's founders will retain voting control after the IPO.

The newsletter describes Anthropic's public messaging as presenting the company as an AI safety organization, a profit-driven megacorp, and a group working to create superhuman technology. It asks whether the IPO will reveal the company's true nature or deepen its myth-making.