Anthropic's IPO prospectus is expected to name the public backlash against AI as a key risk factor, CNBC reported, citing people familiar with the matter.

The company has been holding preliminary "test-the-water" meetings in San Francisco, where CFO Krishna Rao is fielding questions about competition, margin pressure from open-source models and what happens if data-center construction slows. Anthropic, which filed confidentially in June and could float at a valuation near $2 trillion, declined to comment.

Seven in 10 Americans oppose data-center construction in their area, Gallup found in May, with close to half strongly opposed. Politicians in both parties are running on the issue ahead of November's midterms.

The anger runs broader than the buildout. Communities are absorbing noisy, sprawling data centers that bring few permanent jobs while stoking fears of electricity and water shortages, artists and writers see models trained on their work as industrialized plagiarism, and white-collar workers see a technology built to do what they do.