In a Tech Policy Press perspective article, Ilan Strauss and Tim O'Reilly argue that Anthropic's S-1, filed ahead of its IPO, leaves out what investors need most: its compute contracts and payments with Amazon, Google, and Microsoft, and any figures on token volumes or revenue and cost per token. They ask the SEC to press Anthropic for this information before its disclosures set the template for other AI labs, and call for oil-and-gas-style standardized AI disclosures so companies can be compared.