Anthropic reported $11.5 billion in revenue for the quarter, up 14-fold from the prior year, as it aims to secure investor confidence ahead of a potential $2 trillion IPO. The company claimed a second consecutive profitable quarter, though it used an adjusted metric that excludes stock-based compensation costs.
Gross margins at Anthropic exceeded 80 percent, according to the Financial Times, though this figure does not account for revenue-sharing payments to partners like Amazon or the cost of model training. Quarterly revenue surged to $11.5 billion, with an annualized run rate of $65 billion by the end of July.
SemiAnalysis analyst Joey Brookhart noted that investors expect $120 billion in annualized revenue by year's end and nearly triple that by the close of 2027. Anthropic plans to go public on the Nasdaq at a possible valuation of $2 trillion or more, though it delayed releasing its prospectus to a select group of investors first.
"We need to slow down AI development," said CEO Dario Amodei. "This is a call for more caution in the industry." OpenAI CEO Sam Altman and Elon Musk also endorsed the call for a pause in AI progress.
The announcement follows a broader industry discussion on AI ethics and regulation. Anthropic did not say when it will officially file for its IPO, and it remains unclear how the company will balance rapid growth with responsible innovation.
Source: thedecoder
