Anthropic says Q3 revenue jumped 45% to $16.8 billion: Report

Attendees met Anthropic CEO Dario Amodei and Chief Financial Officer Krishna Rao at the event.

Anthropic told prospective investors on Wednesday that its revenue surged 45 per cent in the third quarter from the previous quarter, the Financial Times reported, potentially easing concerns over the high cost of developing AI systems.According to the FT, Anthropic’s revenue rose to $16.8 billion in the third quarter, up from $11.6 billion in the second quarter and $4.7 billion in the first quarter, people familiar with the matter said.The company also told prospective investors that it was profitable on an adjusted basis in the third quarter, the people added.Amodei reiterated Anthropic’s focus on AI safety but avoided discussing the risk of human extinction, one attendee told.

In its prospectus reviewed by Reuters last month, the company warned that advanced AI could pose ‘existential risks to humanity’.At Wednesday’s meeting, Anthropic executives discussed how the company uses its own AI to support its business, including designing a custom chip.

The meeting in San Francisco was aimed at familiarising prospective investors with Anthropic ahead of its highly anticipated initial public offering (IPO).Anthropic’s IPO is expected to come before rival OpenAI’s public listing, making it an early test of investor appetite for AI companies spending heavily to scale up.

The company’s market debut is likely to take place after the US midterm elections in November, Reuters has reported.Attendees met Anthropic CEO Dario Amodei and Chief Financial Officer Krishna Rao at the event.

Several investors told Reuters as they left the company’s headquarters that evening that they were optimistic about its rapid revenue growth and path to profitability.