A good buy or ‘the most ridiculous IPO of 2026’: Anthropic’s debut will be a referendum on AI

Good morning . Anthropic has finally filed the paperwork for what could be the largest IPO of all time. My colleague Beatrice Nolan covers AI and has this smart piece . Here are some takeaways from me: The risk factors. Every prospectus contains a section on risk factors. This one starts on page 26 and ends 94 pages later. Almost one-third of the entire filing is filled with glimpses of what could go wrong. If you thought the SpaceX S-1 filing read like a sci-fi thriller , brace yourself for the prose from this part of the tech universe.

Source: Fortune Crypto