The social networking giant projected it could spend $10 billion annually on Anthropic’s tools, illustrating the friend-foe relationships underlying the A.I. race.

Investors are awaiting the chipmaker’s latest quarterly earnings — and are anxious about its huge portfolio of artificial intelligence investments.

In an hourlong interview, he said his industry was downplaying the risks, which he believes include mass unemployment and bioterrorism.

Irregular, an Israeli start-up, worked with OpenAI, Anthropic and Meta to assess the security of their A.I. models. It made a mistake. Then the tests went off the rails.

The offering could value the five-year-old A.I. start-up at $2 trillion, its bankers have told potential investors, which would exceed Elon Musk’s SpaceX.