Anthropic’s Quarterly Revenue Jumps. The Company Says It’s Now Cash-Flow Positive.

Anthropic reported $16.8 billion in third-quarter revenue and positive cash flow as the artificial intelligence company presented its latest financial results to prospective investors ahead of a planned initial public offering. Revenue increased approximately 45% from $11.6 billion in the second quarter, while the company also reported profitability on an adjusted basis for the second consecutive quarter. The figures were shared during a private investor presentation at Anthropic's San Francisco headquarters on Wednesday. The company behind the Claude AI models generated $4.7 billion in revenue during the first quarter, before more than doubling that figure in the April-to-June period. Its latest results show that sales continued to increase between July and September, although at a slower quarterly rate.

Also reported by WSJ, PYMNTS.com.

First reported by International Business Times. This page is a short excerpt; the full text is theirs.