“They have 90-plus pages of risk factors that border on science fiction. One that stood out to me was that it said its technology may cause an incident so catastrophic that the entire insurance industry might lack the capacity to cover the damages. And that's just one of many across dozens of pages of frankly frightening risk factors.”
sputnikintelligence.com
Asked what struck her as unusual about Anthropic's S-1, Kate contrasts the company's stated goal of building AI safely with the severity of the risks it discloses to investors.
…And although they are generating significant revenue, $16 billion in the first six months of this year, up from just $400 million two years ago, in order for this to eventually one day become a profitable business, they need to continue to raise a lot of money to fund that compute build out.
Kate, I just wonder what to you stood out as just this is not a normal company kind of in the S1?
Yeah, I mean, I think we all know that Anthropic's stated goal is to develop this AI as safely as possible. But at the same time, as you've both alluded to, they have 90 plus pages of risk factors that border on science fiction. I think perhaps one of my favorites or one that stood out to me the most was that it said that its technology may cause an incident so catastrophic that the entire insurance industry might lack the capacity to cover the damages. I think, you know, and that's just one of many across dozens of pages of, frankly, frightening risk factors.
If you're an investor, what is the risk you're most worried about, though?
Oh, I think for the investors, they're most worried about does this company, will this company have the infrastructure it needs to continue growing at the rate? And I think investors are also worried about the company being able to sustain the growth, the pace of revenue growth. I think they know…
I mean, how do they fend that off, Berber? Like, it seems to me that, you know, sometimes when I look at these companies, these frontier companies, they remind me of like Unix companies from the 1980s and 1990s where they're building these like super systems that are just, they're just like…