Anthropic Reports Q3 Revenue of $16.8B Ahead of IPO
Anthropic told investors its quarterly revenue rose to about $16.8bn in Q3, up from $11.5bn in Q2 and roughly $4.8bn in Q1, according to an FT report cited by Simon Willison. The company also disclosed that adjusted operating margins excluding stock-based compensation were 11%, and that it earned $1.70 for every $1 spent on computing power. Anthropic said it materially reduced "distillation" usage by rival labs in Q3, a practice that had accounted for 5% to 7% of revenue.