Anthropic revenue surges to $16.8bn ahead of stock market listing
Anthropic’s revenue reportedly rose 45% to $16.8bn in the three months to the end of September, as the Claude developer briefs prospective investors ahead of an expected stock market listing by year-end. The growth matters because revenue at Anthropic and rival OpenAI is a key measure of whether the AI industry can fund the costly infrastructure needed to develop its technology.
Anthropic’s revenue climbed from $4.7bn in the first quarter to $11.6bn in the next, before reaching the latest reported figure. The investor briefing comes amid market concerns about AI spending: shares in major chipmakers fell, SoftBank dropped 9%, and South Korea’s Kospi index was down 7.6% in morning trading. Anthropic declined to comment, while rival OpenAI is also considering a major listing.
- Anthropic’s revenue reportedly reached $16.8bn in the latest quarter.
- The company is preparing investors for a potential listing by year-end.
- AI infrastructure spending is prompting concern among technology investors.
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Anthropic is an artificial intelligence company that makes Claude, a family of tools that can answer questions and help with tasks such as writing and coding. It sells access to these tools to businesses and individuals, and competes with companies including OpenAI, which makes ChatGPT.
Building and running AI services requires large amounts of computing power and investment. Revenue gives investors one indication of whether companies can support those costs as they seek to develop and expand their products.
A stock market listing would allow members of the public to buy shares in Anthropic and give the company another way to raise money. Investors are weighing such opportunities against concerns about how much is being spent on AI and whether future income will justify that spending.