P404news.today404Tue 03 Nov22:05
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TECHNOLOGY 4/9
Anthropic reports surge in revenue and spending ahead of IPO
Anthropic disclosed third-quarter financials showing nearly $17 billion in revenue but $23.3 billion in net losses and $895 billion in computing commitments.
Anthropic released an amended IPO prospectus on Monday with updated financials through September. The AI company's third-quarter revenue reached approximately $17 billion, up roughly 1,100 per cent year on year, though quarterly growth slowed to 47 per cent from 144 per cent in the previous quarter. The company reported a $23.3 billion net loss for the quarter, though this included significant non-cash charges. Anthropic disclosed approximately $895 billion in computing spending commitments with partners including Amazon, Google and SpaceX, with roughly $448 billion due by the end of 2030. The filing revealed that compute costs consumed 58 per cent of third-quarter revenue, up from 48 per cent the previous quarter. The company is preparing for what could be a record-breaking IPO, though investors are scrutinising whether the AI sector's infrastructure spending can be justified amid higher interest rates.
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