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Anthropic reports $17B in Q3 revenue, commitments of $895B in revised S-1
Anthropic disclosed updated third-quarter financial results and infrastructure commitments in an amended Form S-1 filed with the U.S. Securities and Exchange Commission. The company generated roughly $17 billion in third-quarter revenue, up about 1,127% year over year, and $33.24 billion during the nine months ended September 30, roughly 1,200% higher than a year earlier. Third-quarter revenue grew about 47% from the prior quarter, compared with 144% growth in the second quarter and 132% in the first quarter. Anthropic reported a third-quarter net loss of $23.29 billion and a nine-month net loss of $104 billion; it said most of the nine-month loss stemmed from changes in the fair value of convertible notes and derivative liabilities. Anthropic has entered purchase commitments and lease agreements totaling about $895.4 billion, substantially all for compute and infrastructure. Compute and infrastructure expenses increased by $14.4 billion in the first nine months of the year, a 329% increase from the same period last year. The five-year-old Claude developer is preparing for a potential initial public offering after publishing its prospectus last week. Its filing identifies political, infrastructure, safety and commercial risks, while its co-founders said they view mitigating risks from AI models as a personal responsibility.
cnbc.com
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