Anthropic's S-1 Just Dropped!

About this episode

Anthropic’s S-1 finally dropped: ticker ANT, $16.3B in first-half revenue, and a gargantuan compute bill. Apple unveiled an OLED iPad mini, Meta moved to raise $95B for AI, Elvis’s rightsholders sued Anthropic, and Block’s Dessa speech model wowed me. Anthropic files for an IPO on the Nasdaq under the symbol ANT; the number of Class A shares to be offered and the price range is yet to be determined (Anthropic) Anthropic’s S-1 shows revenue up 14-fold to $16.3B in the first half, an $80.7B loss driven by a one-time $72.4B convertible note charge, and a possible $100B+ raise at a $2T valuation (The New York Times) Anthropic’s S-1 shows a real GAAP operating profit and 14x revenue growth, but also roughly $780-810B of mostly non-cancelable compute commitments, including Elon Musk as a supplier at $3.1B a month (ZeroHedge) Apple unveils a redesigned iPad mini with an 8.5-inch OLED display, A20 Pro, 24% thinner bezels, and an optional nano-texture finish, for $699+ on November 6 (Apple) The new iPad mini gets an “Acoustic Display” with woofers and hidden tweeters, a 12MP Center Stage camera on the landscape edge, and a $100 nano-texture glass option on the 256GB and 512G