Anthropic flags revenue surge to investors ahead of stock market debut

Anthropic flags revenue surge to investors ahead of stock market debut

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Anthropic, the developer of the Claude AI model, has seen its revenue surge by 45% to $16.8bn (£12.7bn) in the three months to the end of September, according to the BBC.

The figures were revealed by the company as it briefed prospective investors on Wednesday at its headquarters in San Francisco, as it prepares for a stock market listing expected to take place before the end of the year.

Anthropic's revenue has risen in successive quarters this year, from $4.7bn in the first three months to $11.6bn the following period, and the company reportedly made a profit for the second quarter in a row.

The company's 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.

However, the news comes as some tech stocks, including firms that make the chips and other hardware that power data centres, have fallen in recent days over concerns about the hundreds of billions of dollars being spent on AI infrastructure.

An Anthropic spokesperson declined to comment on the matter.