AI summary
Anthropic's IPO filing frames investing in its AI as a leap of faith, asking investors to bet on miracles despite potential existential risks.
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Silicon Valley wants you to invest in miracles
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Investing in any stock is kind of like gambling in the sense that you're betting your money on a company's future performance. But how do you bet on a technology that could, in the worst-case scenario, "pose catastrophic or existential risks to humanity," or best case, "bring forth an age of miracles"? To some extent, Anthropic suggests in a letter at the top of its S-1 filing, you have to just believe. Anthropic's 335-page S-1 prospectus, filed Monday, is part of a steady hype escalation in Silicon Valley's interactions with Wall Street. In some ways, it's not even that bizarre; SpaceX IPO'd in June after filing an S-1 that referenced din … Read the full story at The Verge.
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