The Download: Anthropic’s IPO, smarter power grids, and exercise pills

This is the available feed excerpt, which may be shortened or in the publisher’s original language.

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Will the real Anthropic please stand up? After weeks of frenzied speculation, Anthropic has filed its IPO prospectus. The 335-page document (100 pages or so are focused on risks) lays out the company’s unique view of the technology it is building and how it believes it will change the world. But Anthropic has been honing its storytelling skills for years. Its public messaging is a master class in narrative capture, presenting it as different things to different people: an AI safety organization, a profit-driven megacorp, and a group hell-bent on creating superhuman technology. These roles come with huge tensions. Will the IPO reveal the company behind the mask, or lean deeper into the myth-making? Take a new glimpse inside Anthropic. —Will Douglas Heaven This story is from The Algorithm, our weekly AI newsletter. Sign up to receive it in your inbox every Monday. How solid-state transformers could help power the AI boom Transformers are a crucial but nearly invisible part of the US grid, helping efficiently move power across long distances. But they’re complicated and in short supply, and their basic design hasn’t changed much in about a century. As electricity demand rises from EVs, data centers, and more, researchers and companies are looking to modernize these grid staples. Solid-state versions could help ease supply concerns and cut power losses. The technology is still in development, but it could become a crucial part of our future grid. Find out how solid-state transformers could help meet rising electricity demand. —Casey Crownhart Are we there yet? Exercise in a pill We all know exercise is good for us. It builds muscle, strengthens bones, lowers blood pressure, and boosts mood. By deciphering how movement benefits the body, researchers hope to develop medicines that can offer some of the same perks, without