Latest Edition··7 min read
Anthropic opens its books, TRAI eyes your TV apps, and a challan scam that won't quit
Anthropic's IPO filing is public, TRAI wants a licence for the free TV apps on your smart TV, a fake mParivahan app is still draining savings.
- The problem
- Frontier AI labs have been valued on private rounds and leaks for years, so nobody outside could check whether the revenue was real, how much compute it burned, or who held the power.
- What changed
- The S-1 shows revenue up about 1,300% to $16.3 billion in the first half of 2026, Q2 compute spend of $5.6 billion against $11.6 billion of revenue, positive operating cash flow of $3.9 billion and about 5,300 staff. A special class F share leaves the seven cofounders with 50.1% of the votes, per Yahoo Finance's live coverage and Fortune.
- The catch
- There's no price or share count yet, and the $1.5 trillion to $2 trillion valuation everyone's quoting comes from media reports, not the filing. Anthropic also admits 5% to 7% of this year's revenue came from customers it later caught breaking its rules.
- For you
- If you're tempted by ANT, read the risk section before the hype pieces. If you just use Claude, nothing changes today, though public-market pressure tends to show up in pricing and plan limits sooner or later.
