Anthropic reported a 45% surge in revenue to $16.8bn in the three months ending September, figures obtained by the BBC reveal. The AI developer behind Claude shared the numbers during a briefing for prospective investors on Wednesday at its San Francisco headquarters.
The company’s revenue climbed steadily this year, starting at $4.7bn in the first quarter, rising to $11.6bn in the second, before reaching the latest $16.8bn. It also said it made a profit for the second consecutive quarter. An Anthropic spokesperson declined to comment on the figures.
Anthropic is preparing for a US stock market listing expected before the end of 2023. The timing comes amid growing scrutiny of AI investments. Some technology stocks, including chipmakers and hardware firms that supply data centres, have fallen sharply. Shares in AMD, Nvidia, and Intel took a hit on Wednesday, while Asian markets followed suit. Softbank’s shares dropped more than 9% on Thursday morning. South Korean semiconductor companies Samsung and SK Hynix fell 9.4% and 10.8% respectively. The Kospi index in South Korea lost 7.6%, and Japan’s Nikkei 225 declined 4.8%.
Broadcom’s CEO Hock Tan added to market jitters at a Singapore conference on Monday, saying many investors have “no clue” about AI spending. He described the situation as “extreme expectations only to find out that it’s almost like they are in a casino.”
Concerns about AI safety remain high. OpenAI CEO Sam Altman said in September his company will not go public this year as it addresses safety issues around its technology. OpenAI is also planning a stock market debut, with a valuation expected to exceed $1tn.
Anthropic CEO Dario Amodei has voiced caution over the pace of AI development. The company opened an office in Singapore on Wednesday, expanding its global footprint even as it pushes ahead with its IPO plans.
The revenue figures from Anthropic and OpenAI offer a glimpse into AI’s rapid growth and the financing required to build the infrastructure behind it. The sector’s trajectory will likely affect technology markets and investor confidence in the months to come.
According to Joy Online.
