Anthropic faces $637B compute bill ahead of IPO, revenue pace suggests 14 years to cover

The first sale of a private company's shares to the public, after which the shares trade on a stock exchange.

An IPO raises money for the company and lets early owners and investors sell part of their stake.

The total money a company earns from selling goods or services before any costs are subtracted.

Revenue growth shows demand for a company's products; profit shows whether it earns money from them.

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.