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Silicon Valley wants you to invest in miracles

A public offering by frontier AI lab Anthropic is a major financial milestone for the AI industry and reveals how top AI developers formally disclose existential risks to public market investors.

Anthropic has filed a 335-page S-1 prospectus for an initial public offering, outlining both extreme risks and promises in its pitch to investors. The filing notes that its technology could either pose catastrophic or existential risks to humanity or usher in an "age of miracles." The commentary highlights how the prospectus reflects escalating hype in Silicon Valley's pitches to Wall Street.

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