Summary

The modern prospectus evolved as a correction to the manias of the railway age . Its job was to tell the people putting up the money what could go wrong for them. Anthropic’s prospectus does that job with unusual zeal. Even as the AI lab promises the possibility of an age of miracles , it spends 69,800 words , about 30% of its 240,000-word filing, detailing the risks of getting there.

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