Anthropic courted investors in San Francisco as it prepares for a public listing, highlighting a 45% jump in third-quarter revenue to $16.8 billion and its first adjusted profit. The AI company has posted sharp sequential gains this year—from $4.7 billion in Q1 to $11.6 billion in Q2—as it seeks to convince markets that profits can follow heavy infrastructure outlays. The firm paired its growth message with safety assurances amid warnings from current and former researchers about AI’s risks, saying it had disrupted attempts to misuse its systems for biological threats. Investor enthusiasm for AI cooled this week: U.S. chip stocks fell and Asian tech shares slid after Broadcom’s CEO cautioned about overheated expectations and hotter-than-expected U.S. inflation fueled rate worries. Rival OpenAI has similarly emphasized safety and isn’t going public this year, even as it eyes a lofty valuation when it eventually lists.
Related article:
