Anthropic posts $16.8B in quarterly revenue ahead of IPO

The AI giant reported $16.8 billion in third-quarter revenue (a 45% increase from Q2) to investors, according to people familiar with the matter.

Anthropic also reported positive free cash flow, an 85% gross margin, and an adjusted operating margin of more than 11% in the third quarter, according to the people.

The announcement comes about a month before the anticipated public offering, which could raise approximately $100 billion and value the company at $2 trillion.