Anthropic reportedly hits $16.8 billion third-quarter revenue ahead of IPO
Original titleAnthropic's third-quarter revenue is said to hit $16.8 billion ahead of IPO
AISummary
Anthropic told investors its third-quarter revenue reached $16.8 billion, up from $11.6 billion in the second quarter, according to people familiar with the matter.
The company reportedly said it was profitable on an adjusted basis and cash-flow positive, with $1.70 in revenue per dollar spent on computing. An IPO is reportedly slated for November, and investors expect $110 billion in annualized revenue by year-end.
AIWhy it matters
The report gives quarterly revenue trajectory and profitability signals from private sources ahead of a planned IPO, useful for judging the company's financial position.
Source: CNBC · Technology · cnbc.comPublished · added here