Anthropic's $16.8B Q3 Revenue Fuels IPO Momentum, Yet Skeptics Question $2 Trillion Valuation

Anthropic's third-quarter revenue reached $16.8 billion, surging 45% from the prior quarter, as the AI company prepares for a closely watched November initial public offering at a potential $2 trillion valuation. The San Francisco firm disclosed the figures to prospective investors this week, alongside a milestone achievement of adjusted profitability—the first time the company has reported a profit on that basis.