Anthropic's net loss widened sharply, in large part due to a rise in the fair value of bonds convertible into shares of the AI startup, according to a draft prospectus for a planned initial public offering that was reviewed by Reuters.
It’s not entirely transparent though. It’s a paper loss in terms of cash but they did have to give the stock. At their crazy valuations, even 1% is a big deal.
It’s not entirely transparent though. It’s a paper loss in terms of cash but they did have to give the stock. At their crazy valuations, even 1% is a big deal.