In brief
Anthropic, the developer of the Claude AI model, announced a 45% jump in revenue to $16.8bn in the third quarter, signalling strong demand and progress toward a planned IPO. The surge follows a steady climb from $4.7bn in Q1 to $11.6bn in Q2, with the company also clinching profits for the second consecutive quarter. While the data heralds AI’s commercial momentum, it has jolted tech‑heavy markets: chipmakers like AMD, Nvidia and Intel saw shares tumble, and AI‑minded investors signaled caution over escalating infrastructure costs. Anthropic’s chief executive, Dario Amodei, has highlighted safety and pace concerns, urging the industry to slow development, while the company expands its global footprint with new Singapore offices.
The AI company behind ChatGPT‑derived Claude said it generated $16.8bn in the final quarter of the year, up 45% from $11.6bn a year earlier. The announcement came at a live investor briefing at its San Francisco headquarters and marks the third straight quarterly spike.
Revenue has climbed from $4.7bn in Q1 to $11.6bn in Q2, and Anthropic now reports it has turned a profit on the back of the third‑quarter lift; the company’s CFO said this growth is a “clear sign that AI services are monetising at scale.”
The news triggered a sell‑off in high‑tech indices. Shares of chipmakers including AMD, Nvidia and Intel slipped, while Japanese investor Softbank and South Korean semiconductor leaders Samsung and SK Hynix posted double‑digit losses. Broadcom CEO Hock Tan warned that AI spending looks “like a casino” to investors, underscoring the underlying volatility.
Anthropic’s chief executive, Dario Amodei, has been vocal about the risks of rapid AI development. He called for pausing the pace of rollout, a stance that echoes concerns from OpenAI’s Sam Altman, who said his firm would not go public this year amid safety debates.
The company is also broadening its footprint, opening a new office in Singapore after a rooftop launch that accompanied its two‑day investor event. Analysts say the expansion aligns with Anthropic’s push to build out its global cloud infrastructure, a critical driver of the revenue climb.
