Anthropic tells investors quarterly revenue up nearly 50% to $16.8bn ahead of IPO
Anthropic reported quarterly revenue of $16.8 billion, up nearly 50% from the previous quarter, ahead of its IPO. The company's Q3 revenue was $11.5 billion in Q2 and $4.8 billion in Q1. It noted a revenue-to-computing-power ratio of $1.70 for every dollar spent on computing resources, with adjusted operating margins at 11% excluding stock-based compensation. The report also mentioned the company's efforts to reduce 'distillation,' a controversial practice involving training models on outputs from rival AI labs.
Anthropic reported quarterly revenue of $16.8 billion, up nearly 50% from the previous quarter, ahead of its IPO. The company's Q3 revenue was $11.5 billion in Q2 and $4.8 billion in Q1. It noted a revenue-to-computing-power ratio of $1.70 for every dollar spent on computing resources, with adjusted operating margins at 11% excluding stock-based compensation. The report also mentioned the company's efforts to reduce 'distillation,' a controversial practice involving training models on outputs from rival AI labs.
Sources
- Simon Willison — Anthropic tells investors quarterly revenue up nearly 50% to $16.8bn ahead of IPO
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