The AI lab's IPO documents show how it plans to control powerful models while still pushing the frontier - a balancing act every AI company will face.

The Claude maker files publicly for a Nasdaq listing under 'ANT,' exposing staggering losses and a world-altering ambition before it can beat OpenAI to the market.

The card giant is betting AI will let it run leaner, but the restructuring charge hits right as investors digest Q3 results.

The Claude maker's 5% share pledge, worth $48bn, is a bid to win over regulators and investors before its stock market listing.

A $30 billion implied arrangement reshapes who supplies AI muscle, and how tech boards think about capacity and concentration.