Anthropic's Q3 Revenue Hits $16.8 Billion as AI Firm Races Toward November IPO

Anthropic reported third-quarter revenue of $16.8 billion, marking a 45 percent surge from the prior quarter and signaling extraordinary momentum ahead of the AI developer's planned November initial public offering. The Claude maker told investors it achieved profitability on an adjusted basis and generated positive cash flow during the quarter, despite massive spending on cloud infrastructure and computing capacity.