Anthropic said third-quarter revenue rose to $16.8 billion and it achieved profitability.

BlockBeats news, October 15 — Anthropic told investors that its third-quarter revenue has surged to $16.8 billion, and it achieved profitability in the quarter. As the market harbors doubts about the AI industry boom, this AI company is striving to win support for its blockbuster IPO plan.

Anthropic told investors that on an adjusted basis, the company has achieved profitability, with quarterly revenue rising nearly 50% from $11.5 billion in the second quarter. Chips and data centers are necessities for AI labs to train and run models, and are also the company's largest expenses.

Anthropic also added that the company achieved positive cash flow in the quarter. It is widely expected that the listing of this Claude model developer will become the highest-valued IPO in history. (Financial Times)