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Anthropic says it is profitable: What Claude-maker's Q3 revenue of $16.8 Billion does and does not show

Anthropic says it is profitable: What Claude-maker's Q3 revenue of $16.8 Billion does and does not show

·Excerpt
Anthropic says it is profitable: What Claude-maker's Q3 revenue of $16.8 Billion does and does not show
Image: Anthropic reports $16.8 billion in Q3 revenue and adjusted profitability. But unclear accounting, slowing growth and massive AI spending raise questions about its $2 trillion IPO valuation.

Anthropic, the maker of the Claude chatbot, has told prospective investors it generated $16.8 billion in third-quarter revenue and was profitable on an adjusted basis. However, it has not explained how it calculates either measure, raising questions about its finances ahead of a possible record-breaking stock market listing.Anthropic disclosed the figures on Wednesday at an investor day at its headquarters, according to attendees. The listing is expected in November, at a valuation that could approach $2 trillion. The Financial Times…

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