Anthropic’s third-quarter revenue rises to $16.8 billion ahead of planned IPO
publishers 27articles 28first reported 14 Oct, 22:06 UTCdeveloping since 15 Oct · 18 editions
Anthropic’s third-quarter revenue climbed to $16.8 billion as the artificial intelligence company prepared for a potential initial public offering, according to reports about a private investor meeting held Wednesday at its San Francisco headquarters.
Reuters reported that revenue rose 45% from the previous quarter, while the Financial Times described the increase as about 50%. An investor who attended the meeting said Anthropic generated $4.7 billion in the first quarter and $11.6 billion in the second.
The company told investors it was free-cash-flow positive and posted an 11% operating margin in the third quarter, both on an adjusted basis, according to The Hindu. It also said it had been profitable on an adjusted basis over the previous six months. Adjusted figures exclude certain expenses.
Anthropic is reportedly considering an IPO after the November U.S. midterm elections and could seek a valuation above $2 trillion. Reuters previously reported that the company has committed hundreds of billions of dollars in future spending through long-term agreements covering cloud services, computing and infrastructure.
Founded by former OpenAI executives, Anthropic develops the Claude family of AI models. Google and Amazon are investors in the company and also provide computing capacity and distribution.
HOW THIS STORY WAS MADE
Written from 7 articles, 2 with the publisher's own text; 7 independent newsrooms once syndicated copies count as one; this version written 18 h after the record first saw the story; the editor kept it as written.
- Publishers
- 27
- Source articles
- 28
- Given to the writer
- 7, 2 with the article's own text
- Independent newsrooms
- 7
- This version written
- 18 h after the record first saw the story
- Second model (editor)
- kept as written
- Publication gate
- passed
- Human review
- none
WHAT THE EDITOR DID
The second model checked the writer's draft against the same sources and published it as written.
Written by a language model from the sources above, then checked by a second model that may only cut, attribute or correct. How it works →