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According to the prospectus, the seven co-founders, among them Dario and Daniela Amodei, write that advertising “would likely be a large source of revenue for us”, but that they want Claude's only incentive to be giving people a helpful answer, while Anthropic's advertising expenses rose from $33 million in 2024 to $147 million in 2025.
Read more: SEC — Anthropic, PBC: Form S-1 Registration Statement (26 October 2026) ↗
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