Anthropic Commits to $895 Billion in Spending as Mega-IPO Nears

· Bloomberg ·

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Anthropic Commits to $895B in Spending as Mega-IPO Nears

Takeaways by Bloomberg AI

Anthropic PBC disclosed a twelve-fold increase in quarterly revenue while revealing that it intends to spend more than $895 billion in the years ahead, as the artificial intelligence lab courts investors for a potentially-record-breaking IPO.

The Claude chatbot maker reported third-quarter revenue of nearly $17 billion as of Sept. 30, versus $1.4 billion in the same period a year ago, according to a filing on Monday with the US Securities and Exchange Commission.