Anthropic revenue surges to $16.8bn ahead of stock market listing
It comes as the AI giant is expected to make a blockbuster stock market debut by the end of the year.
Anthropic revenue surges to $16.8bn ahead of stock market listing
Artificial intelligence (AI) giant Anthropic saw its revenue jump 45% to $16.8bn (£12.7bn) in the three months to the end of September, the BBC understands.
The figures were reportedly disclosed by the Claude developer as it briefed prospective investors on Wednesday at its San Francisco headquarters, as it prepares for what is expected to be a blockbuster share sale by the end of the year.
This comes as some tech stocks, including companies that produce the chips and other hardware powering data centres, have come under pressure amid concerns about the huge sums being spent on AI infrastructure.
Anthropic's revenue has climbed in consecutive quarters this year, rising from $4.7bn in the first three months to $11.6bn in the following period.
Its revenue numbers, together with those of rival OpenAI, provide an important measure of the AI industry's growth and its ability to fund the infrastructure required to develop the technology.
The ChatGPT developer is also pursuing a major stock market listing, which is expected to value the company at more than $1tn.
However, OpenAI chief executive Sam Altman said in September that his company will not go public this year as it deals with concerns about the technology's safety.