Anthropic told prospective investors on Wednesday that revenue in the third quarter surged 45% from the prior quarter, two people who attended an investor day said, a move that could assuage market concerns about the huge costs of developing AI systems.
\n\nRevenue in the third quarter rose to $16.8 billion from $11.6 billion in the second quarter and $4.7 billion in the first quarter, the people said. Anthropic told the group the company was profitable on an adjusted basis in the third quarter, they added.
\n\nThe meeting in San Francisco was meant to familiarise prospective Anthropic investors with the company before its highly anticipated IPO.
\n\nThe IPO is expected to precede a public listing by rival OpenAI, making Anthropic an early test of investor appetite for heavily unprofitable AI developers pursuing massive scale. Its public-market debut is likely to be pushed until after the November US midterm elections, Reuters has reported.
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\n\nAttendees at Wednesday's event met with Anthropic CEO Dario Amodei and Chief Financial Officer Krishna Rao and came away optimistic about the company's rapid revenue growth and path to profitability, a few of…
Original source: https://www.cnbctv18.com/technology/
