Anthropic reports quarterly revenue surge as it nears anticipated IPO

Artificial intelligence company Anthropic reported that its quarterly revenue jumped approximately 50% to $16.8 billion during the September quarter.

The San Francisco-based firm informed investors that it was free cash flow positive with an 11% adjusted operating margin during the period.

Anthropic is reportedly preparing for an initial public offering in November following the US midterm elections, aiming for a valuation of up to $2 trillion.