Anthropic Revenue Hits USD 16.8B: IPO Targets USD 2 Trillion Valuation

Anthropic told prospective investors on Wednesday that third-quarter revenue reached USD 16.8 billion, marking a 45% increase from the previous quarter. The San Francisco-based AI company shared the figures during a private investor meeting ahead of its anticipated public listing. Executives highlighted rapid growth and adjusted profitability as Anthropic seeks to reassure investors about rising artificial intelligence development costs.Revenue climbed from USD 11.6 billion in the second quarter and USD 4.7 billion in the first quarter, according to attendees. CEO Dario Amodei and CFO Krishna Rao discussed the company’s business outlook and its use of AI for internal operations.

First reported by Analytics Insight. This page is a short excerpt; the full text is theirs.