Silicon Valley wants you to invest in miracles

Investing in any stock is kind of like gambling in the sense that you're betting your money on a company's future performance. But how do you bet on a technology that could, in the worst-case scenario, "pose catastrophic or existential risks to humanity," or best case, "bring for

Investing in any stock is kind of like gambling in the sense that you're betting your money on a company's future performance. But how do you bet on a technology that could, in the worst-case scenario, "pose catastrophic or existential risks to humanity," or best case, "bring forth an age of miracles"? To some extent, Anthropic suggests in a letter at the top of its S-1 filing, you have to just believe.

Anthropic's 335-page S-1 prospectus, filed Monday, is part of a steady hype escalation in Silicon Valley's interactions with Wall Street. In some ways, it's not even that bizarre; SpaceX IPO'd in June after filing an S-1 that referenced din … Read the full story at The Verge.