Anthropic Says Q3 Revenue Rose to $16.8 Billion and It Turned a Profit

Odaily News: Anthropic has told investors that its third-quarter revenue surged to $16.8 billion and that it achieved profitability during the quarter. The AI company is seeking support for its blockbuster IPO plans at a time when the market harbors doubts about the AI industry boom. Anthropic told investors that on an adjusted basis the company has reached profitability, with quarterly revenue up nearly 50% from $11.5 billion in the second quarter. Chips and data centers are essential for AI labs to train and run models, and they are also the company's biggest expenses. Anthropic added that it achieved positive cash flow during the quarter. The Claude model developer's listing is widely expected to become the highest-valued IPO in history. (Financial Times)