Anthropic reports $17B revenue but posts losses ahead of IPO

Summarised from 2 outlets · Updated 2 Nov, 17:44 · Archive

Anthropic, maker of the Claude chatbot, reported quarterly revenue of $17 billion but a net loss of $23.3 billion in its latest IPO filing.

Anthropic, the artificial intelligence company behind the Claude chatbot, reported quarterly revenue of $17 billion but a net loss of $23.3 billion in an updated IPO filing released on Monday. The company has committed to spend $895.4 billion on AI computing and infrastructure such as data centres, with $70 billion due to be spent in the next 12 months.

For the first nine months of the year, Anthropic's revenue grew 13 times to $33.2 billion, but the company reported a net loss of $104 billion. This includes a charge of $94 billion for an accounting adjustment related to financing agreements. The filing shows the company's revenue is growing but profit remains elusive, a pattern common among AI rivals.

AnthropIC plans to list its stock on the Nasdaq Global Select Market under the ticker symbol 'ANT' in what is expected to be a blockbuster Wall Street debut later this month. The filing gave no indication of how much the company ultimately expects to raise or what the share price will be.

How it is being reported

• Anthropic posts $17B quarterly revenue but losses continue in fresh IPO filingAnthropic reports quarterly revenue swelling to $17 billion but still posts a net loss for the latest three months.Clickorlando · 2 Nov, 17:06
• Anthropic posts $17B quarterly revenue but losses continue in fresh IPO filingAnthropic reports quarterly revenue swelling to $17 billion but still posts a net loss for the latest three months.News4Jax · 2 Nov, 17:06

In this story: Anthropic · Claude · San Francisco · Nasdaq Global Select Market

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