Anthropic PBC reported third-quarter revenue of $16.8 billion, representing a sequential growth of 45%. During a private meeting with investors, the company also revealed that it achieved profitability on an adjusted basis for the first time.
The artificial intelligence company met with public-market investors on Wednesday as it prepares for a planned initial public offering. Anthropic is expected to begin formally marketing for the offering as soon as the week of November 9, with the blockbuster IPO potentially taking place as soon as next month.
While these third-quarter results may strengthen the case for the company's public debut, some investors and analysts believe they are unlikely to dispel doubts regarding the global AI trade. These concerns are linked to the amount of money being spent on AI infrastructure.