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28 OCT 2026 · Zvi Mowshowitz

Anthropic's S-1 filing reveals the company is profitable, with $3.9 billion in operating cash flow in H1 2026, and has raised $141 billion in capital, with $131 billion in cash and cash equivalents. The company's governance structure is complex, with the Long-Term Benefit Trust (LTBT) controlling a majority of the board but not having full authority, and the founders retaining control through their Class F shares. AI summary