Anthropic Reports 1,100% Revenue Surge Ahead of IPO

Anthropic, the San Francisco‑based AI firm founded in 2021 by former OpenAI researchers, announced that its third‑quarter revenue jumped 1,100 percent to US$17 billion from US$1.4 billion a year earlier. The company also disclosed nearly US$900 billion in future spending commitments, primarily for computing power, with US$70 billion due before September 2027. Despite the revenue growth, Anthropic posted a net loss of US$23.3 billion for the July‑September period, largely driven by non‑cash valuation charges, and an operating loss of US$567 million after paying more for short‑term capacity. The firm plans to raise about US$100 billion in its upcoming IPO, valuing it between US$1.5 trillion and US$2 trillion—an offer that would surpass SpaceX’s record June raise. The listing is seen as a key test of investor confidence in the AI spending boom and will broaden access for retail traders to a standalone AI giant.