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Anthropic says revenue surged 1,100% ahead of IPO

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Anthropic says revenue surged 1,100% ahead of IPO

Business News Tech AI Anthropic says revenue surged 1,100% ahead of IPO

Anthropic, one of the world's leading artificial intelligence companies, on Monday reported a more than 1,100 percent surge in quarterly revenue and nearly $900 billion in spending commitments as it counts down to its Wall Street listing later this month. The filing said the company has committed to spend about $895 billion, mostly on computing power, with $70 billion of that due before September 2027.

Anthropic, one of the world's leading artificial intelligence companies, on Monday reported a more than 1,100 percent surge in quarterly revenue and nearly $900 billion in spending commitments as it counts down to its Wall Street listing later this month. The San Francisco-based company was founded in 2021 by former OpenAI researchers led by chief executive Dario Amodei and his sister Daniela, now its president, with AI safety as its focus. The listing comes amid growing nervousness among investors about the huge sums being poured into AI.

4 billion a year earlier, though sales growth slowed from previous quarters amid fierce competition from ChatGPT-maker OpenAI and cheaper models, many of them from China. 3 billion in the July-September period. The loss stemmed mostly from non-cash accounting charges linked to the company's rising valuation, the filing showed. Anthropic also posted an operating loss of $567 million in the third quarter as it paid more for short-term computing capacity. The filing said the company has committed to spend about $895 billion, mostly on computing power, with $70 billion of that due before September 2027.


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