Anthropic Q3 Revenue Reportedly Rises 45% to $16.8B Ahead of $2T+ IPO Push

Anthropic's third-quarter revenue climbed 45% from the prior quarter to $16.8B, according to an investor who attended a pre-IPO meeting with company leadership in San Francisco. The Claude developer generated $4.7B in Q1 revenue and $11.6B in Q2, according to the person who attended the investor day ahead of the company's planned public listing. Targeting a valuation of over $2T, Anthropic is expected to go public before rival OpenAI, though its debut is likely to be pushed until after the November US midterm elections. The heavily unprofitable AI lab has committed hundreds of billions of dollars in future spending under long-term agreements for cloud services, computing, and infrastructure, relying heavily on investors and compute suppliers Alphabet $GOOGL and Amazon $AMZN.