Anthropic has revealed its IPO underwriting syndicate, led by Bank of America, Deutsche Bank, Royal Bank of Canada and UBS Group. Additional underwriters include JPMorgan, Citi, Bank of Montreal, BNP Paribas, Crédit Agricole and Jefferies. The AI company also disclosed that it had significantly underestimated compute demand in the past, a statement that underscores the rapid scaling pressures facing leading AI developers as infrastructure needs outpace initial projections.