Anthropic Reveals New Financials Ahead of IPO

Anthropic is giving investors a closer look at its finances as it prepares for a potential blockbuster IPO. The AI company reported third quarter revenue of $16.8 billion, up 45% from the previous quarter, and said it was profitable on an adjusted basis. Its first half financials show revenue of $16.3 billion, but also an $80.7 billion net loss. Largely driven by a massive non-cash accounting charge tied to the rising value of its financing agreements. The disclosures offer investors a clearer picture of Anthropic's explosive growth and the enormous costs and financial risks behind the AI boom.