Anthropic Showed Off Fast Growth Ahead Of Its IPO

Executives told investors third-quarter revenue rose 45% from the prior quarter, even as the company faces rising chip and data-center costs. Anthropic told investors its third-quarter revenue climbed 45% from the prior quarter as the AI startup lines up a closely watched IPO. At an investor event in San Francisco, executives including CEO Dario Amodei and CFO Krishna Rao said revenue rose to $16.8 billion in the third quarter, up from $11.6 billion in the second and $4.7 billion in the first, according to attendees; the figures were first reported by the Financial Times and cited by Reuters. They also said the company was profitable on an adjusted basis, a framing meant to ease concerns about how expensive it is to run leading AI models.

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