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Anthropic's quarterly loss shrinks, revenue jumps ahead of blockbuster IPO

Reuters
Anthropic's quarterly loss shrinks, revenue jumps ahead of blockbuster IPO

Nov 2 (Reuters) - ‌Anthropic's net loss narrowed sharply in ​the ‌third quarter, while revenue ‌jumped, an amended IPO filing with ‌the US Securities and Exchange Commission showed on Monday.

The AI company's ⁠net loss fell ‌to $23.29 billion ⁠in the three months ​ended September 30 from $66.3 billion in the ​second quarter, while ​revenue ‌rose to $16.96 billion from $11.56 ​billion.

Anthropic filed ⁠to go public ‌last week, ​setting ​the stage for what could be the biggest initial public offering on ‌record, as investors scrutinize the vast ‌sums ​being poured into AI infrastructure.

(Reporting by Utkarsh Shetti in Bengaluru; Editing ‌by Anil D'Silva)