Anthropic PBC reported revenue of nearly $17 billion in the third quarter through Sept. 30, twelve times more than the same period a year earlier, growth that will fuel expectations surrounding the artificial intelligence lab’s potential record IPO.
The company behind the platform Claude posted a net loss of $23.3 billion in the three months to the end of September, compared with a net loss of $12.1 billion in the same period last year, according to a Monday filing with the United States Securities and Exchange Commission, SEC. Its operating expenses rose to $17.5 billion in the quarter, a 292% increase from a year earlier.
The company has commitments of $895 billion, a substantial portion of them related to computing capacity and infrastructure, according to the presentation. About $448 billion of that amount is expected to be disbursed before the end of 2030, although about $70 billion of the commitments expire in the year to September 2027.
Anthropic On October 26, it presented the documentation for an initial public offering that is scheduled before the Thanksgiving holiday in the United States. Anthropic seeks to equal or exceed the US$86.2 billion that SpaceX grossed on its debut, according to people familiar with the matter.
Investors are telling banks involved in the deal that their estimate of a fair valuation has moved to around $1.4 trillion to $1.5 trillion, although a valuation closer to $1.75 trillion could be achievable, it said. BloombergNews.
The amount of money needed to fund the development of AI and associated infrastructure has led companies to raise tens of thousands of millions of dollars at a time. Technology stocks have fallen in recent days as earnings concerns reignited a rotation out of that sector.
On October 26, the same day that Anthropic publicly presented the documentation, Meta Platforms Inc. launched a plan to raise up to US$98 billion in capital, which would be one of the largest financing operations of this type in history. The initiative followed the plan of Alphabet Inc., matrix Googleto raise $85 billion in capital earlier this year.
Oracle Corp. announced a plan Monday to raise $20 billion, including a $10 billion stock sale, after raising funds through debt and equity, including a $20 billion market-price stock offering program earlier this year.
The IPO of Anthropic, in which both the company and some of its investors will sell actionswill mark the first IPO of a company focused primarily on developing the most advanced AI models.
OpenAIa rival to the company, has been working to raise tens of thousands of millions of dollars in another round private after postponing its planes until next year to go public.
Both companies are seeking to raise record amounts from investors as they face increasing public scrutiny over the security of the company. AI following a series of high-profile hacking incidents by autonomous agents, and as debate continues over whether the technology poses what Anthropic called “existential risks to humanity” in its IPO documentation.
Goldman Sachs Group Inc.. and Morgan Stanley lead the IPO of Anthropicwith the participation of 20 other banks, according to the presentation. The shares are expected to trade at Nasdaq Global Select Market under the ANT symbol.
