Anthropic’s S-1 is here. Does AI pay off?

After weeks of speculation and leaks, Anthropic finally released the S-1 filing for its IPO, showing revenue of $16.3 billion for the first half of 2026, with a net loss of $80.7 billion. At around the same time, former Yahoo CEO Marissa Mayer sparked a backlash after boasting about using her AI app Dazzle to answer questions about her daughter for a school presentation. On this episode of TechCrunch’s Equity podcast, Kirsten Korosec, Sean O’Kane, and Anthony Ha dig into the long-awaited financial details behind one of the industry’s biggest companies, looking at both the enormous opportunities and the many, many risks. They’re also joined by Amanda Silberling to discuss a more basic question facing the industry: Are AI execs too out-of-touch to build products for normal people? Listen to the full episode to hear more about: What Anthropic’s S-1 reveals about its enterprise strategy Why an Apollo economist said that AI has delivered “zero financial payoff” New funding for Bedrock Robotics, a startup building self-driving excavators Why manufacturing accelerator Re:Build just raised $2.1 billion Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify, and all the casts. You can also follow Equity on X and Threads, at @EquityPod. Learn more about your ad choices. Visit megaphone.fm/adchoices