Anthropic Revenue Nears $17 Billion as Quarterly Losses and Spending Expand

Anthropic's revenue for the third quarter ended September 30 approached $17 billion, up 12-fold from a year earlier, while losses and spending also increased. According to Odaily, the Claude developer reported a net loss of $23.3 billion for the quarter, compared with $12.1 billion a year earlier, and operating expenses of $17.5 billion, up 292%. A filing submitted to the U.S. Securities and Exchange Commission on Monday showed the company has $895 billion in contractual and other spending commitments, most related to computing capacity and infrastructure. About $448 billion is expected to be spent by the end of 2030, including roughly $70 billion in the 12 months through September 2027. Anthropic filed for an initial public offering on October 26 and plans to list before the U.S. Thanksgiving holiday. People familiar with the matter previously said the company is seeking to raise $86.2 billion or more, matching or exceeding the amount raised in SpaceX's IPO.