“Antropic growth slowing down?…Expectations for corporate value are lowering”

(Seoul = Yonhap News) Reporter Joo Jong-guk = Antropic, which is pursuing an initial public offering (IPO), announced that it recorded high growth in the third quarter, but expectations for the company's value were significantly lowered because the growth rate was not the same as before, Reuters reported on the 15th (local time), citing anonymous sources.

According to Reuters, Antropic announced at a pre-IPO investor briefing held at its headquarters in San Francisco on the 14th that its third-quarter sales were $16.8 billion (about 22.5 trillion won), up 45% from the previous quarter, and that its operating profit was in the black for two consecutive quarters.

This financial disclosure was intended to show off growth to investors ahead of the listing, which is scheduled for next month.

The announced results alleviated some concerns about artificial intelligence (AI) development costs, but some reportedly expressed disappointment over the slowdown in sales growth.

Compared to the more than doubling of sales from $4.7 billion in the first quarter of this year to $11.6 billion in the second quarter, the upward trend is believed to have slowed.

For this reason, three sources said that some investors discussed Antropic's corporate value at around $1.5 trillion (about 213 trillion won). This figure is significantly lower than the initially expected figure of approximately $2 trillion (approximately 2,680 trillion won).

If the market's response to Antropic's IPO is lukewarm, it could also have a negative impact on the overall AI market.

Investors believe that the short-term outlook for the AI ​​market will largely depend on the success of Antropic's IPO and the listing of OpenAI, which is expected to take place next year.

Antropic originally planned to be listed in October, but as the schedule has been slightly delayed, the possibility of listing after the midterm elections in November is increasing.