In brief
Anthropic, the AI model developer behind Claude, posted a 45 % jump in revenue to $16.8 bn for the quarter ending September, a sharp increase from $11.6 bn in the previous period. The company also reported profit for the second consecutive quarter. The growth comes amid investor concerns over AI spending, causing shares of chip makers and semiconductor firms to slip. While Anthropic prepares for a public debut, other AI firms such as OpenAI are weighing safety concerns around a listing.
Anthropic shares a remarkable turnaround. The AI model developer behind Claude announced that its revenue for the quarter that ended September reached $16.8 bn, a 45 % increase from the $11.6 bn recorded earlier this year. The surge follows a steady rise in quarterly earnings, with the company reporting profit for the second period in a row.
These figures arrive at a time when the technology sector faces heightened scrutiny over AI infrastructure costs. Shares of chip manufacturers such as AMD, Nvidia and Intel fell sharply as investors weighed the long‑term return on AI investments. In Asia, major semiconductor names like Samsung and SK Hynix saw their shares drop more than 9 %.
Amid the market volatility, Anthropic is positioning itself for a stock market listing expected before the end of the year. This move comes as the company continues to ask for a measured pace in AI development, with CEO Dario Amodei urging caution over the pace of innovation.
While OpenAI has delayed its public debut to address safety concerns, Anthropic proceeds with its IPO plans, suggesting confidence in its financial health and the broader AI industry’s potential.
