Sources: Anthropic told investors that its revenue jumped to $16.8B in Q3, up from $11.5B in Q2, and that the company was profitable on an adjusted basis in Q3 (Financial Times)

Anthropic reported to investors that its third-quarter revenue rose to $16.8 billion, up from $11.5 billion in the second quarter, according to the Financial Times. Investing.com reports that the third-quarter revenue represented a 45% increase from the previous quarter, noting that first-quarter revenue was $4.7 billion and second-quarter revenue was $11.6 billion. The Financial Times also states the company was profitable on an adjusted basis in the third quarter.

The company held presentations for prospective investors in San Francisco on Wednesday ahead of an anticipated public listing. Investing.com notes that Anthropic is targeting a valuation of over $2 trillion and is seeking to demonstrate that its revenue growth can offset the high costs of building and running AI systems. This follows exclusive reporting by Reuters last month that the company has committed hundreds of billions of dollars in future spending for cloud services, computing, and infrastructure.

Brief written by urgent.news from Techmeme, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.