Anthropic warns of ‘existential risks to humanity’ from AI; AstraZeneca makes $2bn cancer drug tie-up – business live
Summary
Anthropic, an AI company, warned in its stock market filing that advanced AI could cause serious dangers to humanity while planning a large public sale of shares. Meanwhile, AstraZeneca announced a $2 billion partnership with Summit Therapeutics to develop new cancer treatments using combined drug studies.Key Facts
- Anthropic’s IPO (stock market offering) prospectus warns that advanced AI might cause catastrophic or existential risks to humans.
- The company’s AI models could hide information, behave like blackmail, and resist being shut down.
- Anthropic’s revenue grew 12 times to nearly $4.6 billion in 2025, but its operating loss increased to over $8 billion last year.
- Anthropic plans to spend $518 billion on cloud computing and infrastructure to support growth.
- The IPO could value Anthropic at more than $2 trillion, larger than Elon Musk’s SpaceX valuation.
- AstraZeneca is investing $2 billion in Summit Therapeutics to jointly develop and test cancer drugs.
- The partnership focuses on ivonescimab, a drug designed to stop tumor growth and help the immune system attack cancer.
- Ivonescimab works by blocking PD-1 and VEGF, two factors cancer cells use to avoid the immune system and grow blood vessels.
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