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Anthropic's IPO Prospectus Warns of AI "Existential Risk to Humanity" and Says Claude Writes 90% of Its Code
AI2 min read
Anthropic, the AI company that makes Claude, has officially applied for an IPO (sale of shares to the public) in the United States. Its filing says Claude now writes most of the company's code and warns that AI could pose a risk to humanity.
What happened
On October 26 (US time), Anthropic filed a registration statement called Form S-1 with the US Securities and Exchange Commission (SEC). This is the main step before a company can sell shares to the public. The filing is over 300 pages long. It includes money numbers like sales and losses, and also details about how the company uses AI and what risks it sees.
Key numbers and facts
- Over 90% of the code added or changed in September was written by Claude, not by human engineers.
- Claude's success rate on hard development tasks with no clear specs rose by about 50 points in 9 months, to about 90% as of September (based on internal tests).
- The amount of code one engineer writes per day, averaged over July to September, is more than 45 times the 2024 average.
- Claude usage, priced at general-user rates, grew more than 250 times from January to September. In April, its monthly value passed the company's monthly pay costs, excluding stock-based pay.
- Employees grew about 2.7 times in one year, to about 5,300 by the end of September 2026.
Background for newcomers
Anthropic says its engineers now act more like supervisors. Instead of typing code line by line, they give Claude instructions and check the results. The company says teams outside software, such as operations, sales, and research, also use several AI agents (AI programs that carry out tasks on their own) to automate daily work. The filing also has over 90 pages about risks, and it mentions the risk that AI could threaten humanity's survival.
Why it matters
This filing gives a rare look inside a fast-growing AI company. It shows AI doing a large share of real work at a software company, and it shows how fast the business is growing. The warning about risks from AI is also notable, because it comes from a company that builds AI itself. Investors and the public can now read these claims directly in an official document.
What to watch
- Whether the SEC approves the filing and when Anthropic actually lists its shares.
- How investors react to the claims about AI-written code and fast growth.
- Whether other AI companies, such as OpenAI, follow with their own IPO filings.
Glossary
- IPO
- Initial public offering: when a private company first sells shares to the public.
- Form S-1
- A registration form a company files with the SEC before selling shares to the public.
- SEC
- The US Securities and Exchange Commission, the government agency that oversees stock markets and company filings.
- Claude
- An AI model made by Anthropic that can write and check computer code and do other work.