Anthropic Reports Surge in Third-Quarter Revenue Ahead of Wall Street IPO

Artificial intelligence firm Anthropic reported a quarterly revenue surge to $17 billion in the third quarter ahead of its anticipated public listing.

The company recorded a net loss of $23.3 billion during the July-September period, driven largely by non-cash accounting charges from its rising valuation.

Anthropic disclosed commitments to spend approximately $895 billion on computing power over the next five years.