Anthropic's IPO filing includes a stark warning that its AI products could extinguish humanity, making its risk factors unusually readable. However, the document omits crucial details investors need, such as forward-looking revenue forecasts, which companies avoid pre-IPO due to legal liability concerns. Last year's revenue was $4.6bn, with a July run rate of $65bn this year, highlighting rapid growth.

The filing does not reveal the two customers that comprised a quarter of last year's revenue or quantify the probability of AI-driven catastrophe (P(doom)). While Anthropic may provide vague total addressable market estimates, it is unlikely to offer the detailed financial guidance investors seek. The real risk, the article suggests, is that investors may be overly impressed by dramatic warnings and overlook fundamental business viability.