Anthropic Q3 revenue rose to $16.8 billion and achieved profitability

According to the Financial Times, Anthropic informed investors that its third-quarter revenue increased to $16.8 billion, up nearly 50% from $11.5 billion in the second quarter. On an adjusted basis, the company achieved profitability and recorded positive cash flow for the quarter. Chips and data centers account for its largest expenses. Anthropic is advancing its IPO preparations, with widespread expectations that its offering will become the highest-valuation IPO in history.