Anthropic's IPO timing tests AI boom as AMD buys World Labs for $8.2 billion

Anthropic is preparing an IPO, with a leaked prospectus showing about $8 billion in operating loss on $4.6 billion revenue last year. The author says the company now targets trading in November, and that its revenue trajectory will signal whether the AI cycle has more runway. Separately, AMD agreed to acquire World Labs for $8.2 billion in an all-stock deal.