Anthropic told investors its third-quarter revenue stands at $16.8 billion as it prepares for a highly anticipated initial public offering reportedly slated for November.
Revenue rose from $11.6 billion in the second quarter, with first-quarter revenue at $4.7 billion.
Anthropic said it was profitable on an adjusted basis in the third quarter and was cash-flow positive, generating $1.70 in revenue for every dollar spent on computing power.