Anthropic's third-quarter revenue hits $16.8 billion ahead of reported November IPO
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Anthropic told investors its third-quarter revenue reached $16.8 billion, up from $11.6 billion in the second quarter and $4.7 billion in the first, as the AI company behind Claude prepares for an initial public offering reportedly planned for November. The company said it was profitable on an adjusted basis and cash-flow positive in the quarter, generating $1.70 in revenue for every dollar spent on computing power; investors expect annualized revenue to hit $110 billion by year-end, the Wall Street Journal reported.
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