Anthropic flags revenue surge to investors ahead of stock market debut
It comes as some investors have become concerned about the amount of money being spent on AI infrastructure.
Anthropic, an artificial intelligence (AI) company, has reported a 45% surge in revenue to $16.8bn in the three months leading up to September. This figure was disclosed to potential investors during a briefing at the company's headquarters in San Francisco, as the firm prepares for a stock market debut before the end of the year.
The sharp rise in revenue follows a string of consecutive quarters where the company has reported increased earnings, with revenue jumping from $4.7bn in Q1 to $11.6bn in Q2. Additionally, Anthropic has made a profit for two quarters in a row. The tech sector has seen some investment volatility recently due to concerns over the billions spent on AI infrastructure.
Shares in chipmakers like AMD, Nvidia, and Intel experienced a sharp drop, while companies like Softbank and Samsung also saw a significant decline in their shares. Tech-heavy indexes in the region were also impacted by the stock market downturn.
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