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BackAI giant Anthropic sees revenue surge ahead of stock market listing
AI giant Anthropic sees revenue surge ahead of stock market listing
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BBC Technology3 hours agoBusiness1 min read

AI giant Anthropic sees revenue surge ahead of stock market listing

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Anthropic's revenue increased by 45% to $16.8bn in the three months to September, according to the BBC, as the company briefs investors ahead of a potential share sale by year-end, amid growing scrutiny over AI infrastructure spending.

AI-generated summary

Why It Matters

Anthropic, developer of the Claude AI model, has seen rising revenue this year, increasing from $4.7bn in Q1 to $11.6bn in Q2, reflecting rapid growth in the AI industry.

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Artificial intelligence (AI) giant Anthropic saw its revenue surge by 45% to $16.8bn (£12.7bn) in the three months to the end of September, the BBC understands.

The figures were reportedly revealed by the Claude-developer as it briefed prospective investors on Wednesday at its headquarters in San Francisco as it lays the groundwork for what is expected to be a blockbuster share sale by the end of the year.

It comes as some tech stocks, including firms that make the chips and other hardware that power data centres, have come under pressure over concerns about the large amounts of money being spent on AI infrastructure.

An Anthropic spokesperson declined to comment.

Anthropic's revenue has risen in successive quarters this year, from $4.7bn in the first three months to $11.6bn the following period.

Its revenue figures, along with those of rival OpenAI, offer an important gauge of the AI industry's growth and ability to finance the infrastructure needed to develop the technology.

The ChatGPT-developer is also eyeing a bumper stock market listing, which is expected to value the firm at more than $1tn.

But OpenAI chief executive Sam Altman said in September that his company will not go public this year as it addresses concerns about the technology's safety.

What to Watch

AI outlook — possibilities, not facts

  • Anthropic will complete a share sale by the end of the year

    Likely · Within months

  • Anthropic's IPO will value the firm at a significant level

    Possible · Within months

Open Questions

  • What is the exact valuation expected for Anthropic's IPO?
  • When will Anthropic's share sale occur?
  • How will AI infrastructure spending trends affect tech stocks going forward?

Related Topics

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PeopleSam Altman
OrganizationsAnthropicOpenAIBBC
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This article was originally published by BBC Technology.

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