You can’t spell apocalyptic without IPO 🧟‍♂️ - Anthropic’s doomy IPO prospectus, Canada’s financial crime regime needs work.

Anthropic is targeting a record-breaking $2 trillion valuation for its expected November IPO, even as its prospectus reveals staggering losses, soaring infrastructure costs, and warnings from CEO Dario Amodei that the technology could pose an existential risk to humanity.Plus, Canada earned a passing—but far from glowing—grade from the global anti-financial crime watchdog, avoiding the dreaded grey list while facing persistent weaknesses in prosecuting money laundering and regulating financial institutions.And in The Big Picture: LNG Canada approves a $33 billion expansion, Canada’s economy flatlines in July, Saskatchewan unveils plans for two nuclear reactors, the U.S. bans $1 billion worth of Canadian goods, Oura delays its IPO, Bell and Cisco team up on sovereign AI infrastructure, and more.The Peak Daily is produced in partnership with reframevid.com