Anthropic is preparing for what could be one of the biggest IPOs in history. WSJ's Anissa Gardizy got a look at a draft of the company's S-1. It reveals soaring revenue, a business heavily reliant on a few customers and a long list of risk factors, including the possibility of a catastrophic AI incident. Ryan Knutson hosts.

Further Listening:

- The Great AI Freakout Has Begun

- A Data Center Offered $26 Million for Her Land. She Said No.

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