Anthropic, the developer of the Claude artificial‑intelligence models, told prospective investors on Wednesday that its revenue for the three months to the end of September rose 45 percent to $16.8 billion (about £12.7 billion). The briefing, held at the company’s San Francisco headquarters, is part of a roadshow ahead of a planned stock‑market listing that the firm expects to complete before the end of the year.
Revenue growth and profitability
The latest figure continues a pattern of rapid expansion. Anthropic reported $4.7 billion in revenue for the first quarter of the year, followed by $11.6 billion in the second quarter, and now $16.8 billion in the third quarter. In addition to the top‑line surge, the company said it had posted a profit for the second quarter in a row, marking the first consecutive profitable periods in its history. When asked for comment, an Anthropic spokesperson declined to speak.
Market backdrop and investor sentiment
Anthropic’s upbeat numbers arrived as a number of technology‑related equities have slipped in recent days. Shares of major chip makers—including AMD, Nvidia and Intel—fell sharply after concerns grew over the scale of spending required to build AI infrastructure. In Asian markets, Japanese investment firm SoftBank saw its stock drop more than 9 percent, while South Korean semiconductor leaders Samsung and SK Hynix fell 9.5 percent and 11 percent respectively. The broader tech‑heavy indexes in the region also retreated; South Korea’s Kospi and Kosdaq were temporarily halted after sliding more than 8 percent, and Japan’s Nikkei 225 declined close to 5 percent.
Investor anxiety has been amplified by comments from Broadcom chief executive Hock Tan, who told a conference in Singapore that many investors “have no clue” about AI spending and have set “extreme expectations” that resemble a casino gamble. The sentiment was reinforced on Wednesday by U.S. inflation data that showed price increases in September accelerating beyond expectations, raising fears that the Federal Reserve could tighten borrowing costs.
In the United States, shares of several technology companies also slipped on Wednesday as investors reassessed the pace of AI‑related capital spending. The declines added to a broader market pullback triggered by the latest inflation figures.
Broader AI industry context
Anthropic’s revenue trajectory is often measured alongside that of rival OpenAI, whose financial disclosures provide a benchmark for the AI sector’s ability to fund the massive compute resources needed for model development. OpenAI’s chief executive Sam Altman announced in September that the company would not pursue a public listing this year while it works on safety concerns, although the firm continues to eye a valuation north of $1 trillion for a future IPO.
Amid the market turbulence, Anthropic announced the opening of a new office in Singapore on Wednesday, signaling its intent to expand globally despite the prevailing headwinds.
Helene Elliott is the Lead Science & Space Reporter at News Raise. She reports on aerospace missions, astrophysics discoveries, quantum research, and environmental technology.
