Editor’s note: The story has been updated to include additional information.

Anthropic has reportedly warned that shifting government policies toward artificial intelligence (AI) could disrupt its customer relationships and damage its reputation, as the company prepares for a potential IPO, which could value it at about $2 trillion.

In its IPO prospectus, Anthropic said that government actions and perceptions could lead to lost revenue, operational interruptions and harm involving customers, partners, employees and investors, Reuters reported on Friday.

The company cited several encounters with the U.S. government during the past year. In February, an order directed federal agencies to stop using Anthropic’s AI models, while the Department of Defense later designated the company a national security supply-chain risk.

Anthropic noted that it could see “material revenue losses or business disruptions attributable to these events,” according to the report.

In June, the Department of Commerce imposed worldwide export restrictions on two Anthropic models. Commerce subsequently removed those restrictions, and Anthropic restored access, but the company cautioned that comparable actions could happen again.

The company noted that such actions could lead to “significant reputational ⁠harm, including ​adverse media coverage, public scrutiny, and negative perceptions” among current and prospective ​customers, staff, partners, and investors, irrespective of the outcome, the report added.

Anthropic said government contracts account for less than 1% of its annual revenue. The prospectus also acknowledged that advanced AI systems could pose "catastrophic or existential risks to humanity."

Anthropic and White House did not immediately respond to Benzinga’s request for comments.

Trump’s Stance On Anthropic Shifts

The disclosure comes after President Donald Trump appeared to soften his stance toward Anthropic CEO Dario Amodei following a recent meeting. Trump told Time that Amodei made a more favorable impression than before.

Trump and Amodei met privately on Sunday, followed by a broader Tuesday meeting with AI and tech leaders to discuss the rapid growth of AI and its potential societal impact.

Additionally, the President also said the government could potentially take an equity position in AI companies such as Anthropic and OpenAI, drawing comparisons with the government’s stake in Intel Corp. “Maybe I could do that. I have many deals like that — I do that," he said. However, he ruled out nationalizing the top frontier AI labs.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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