CONNECT WITH US
AI & Deeptech

AI & Deeptech

Anthropic Q3 revenue surges 45% to $16.8 billion as AI startup gears up for $2 trillion IPO

IndiaTimes (ET) - AI logo

Published on

Add as a preferred source on Google
Anthropic Q3 revenue surges 45% to $16.8 billion as AI startup gears up for $2 trillion IPO

Business News Tech AI Anthropic Q3 revenue surges 45% to $16.8 billion as AI startup gears up for $2 trillion IPO

Anthropic Q3 revenue surges 45% to $16.8 billion as AI startup gears up for $2 trillion IPO

Anthropic reported a 45% increase in revenue for the third quarter, reaching $16.8 billion. The company's revenue for the first and second quarters was $4.7 billion and $11.6 billion, respectively. Anthropic aims for a valuation exceeding $2 trillion, emphasizing substantial revenue growth despite significant operational losses. Founded by former OpenAI executives, the company focuses on AI safety amid growing competition.

Anthropic 's third-quarter revenue rose 45% to $16.8 billion from the previous quarter, according to an investor who attended a pre-IPO meeting with Anthropic leadership in San Francisco on Wednesday. Revenue in the first quarter was $4.7 billion, and $11.6 billion in the second quarter, according to the person who attended the investor day meant to familiarize prospective Anthropic investors before its highly anticipated IPO. The company was profitable on an adjusted basis in the third quarter, Anthropic told the group, the source said. Also Read: Anthropic targets more than $2 trillion valuation in closely watched IPO despite $42 billion 2025 loss

Anthropic did not immediately respond to an email seeking comment. The IPO is expected to precede a public listing by rival OpenAI , making Anthropic an early test of investor appetite for heavily unprofitable AI developers pursuing massive scale. Its public-market debut is likely to be pushed until after the November US midterm elections, Reuters has reported.


Source link
Related Topics:AI & Deeptech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.