Anthropic's Q3 revenue hits $16.8B but growth slows ahead of planned November IPO
AI Summary
Anthropic reported $16.8 billion in third-quarter revenue, representing a 45 percent increase but significantly slower than Q2's 140 percent growth rate. The deceleration has led some investors to expect the company's valuation to fall below $1.5 trillion ahead of its planned November IPO.
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Anthropic hit $16.8 billion in third-quarter revenue, a 45 percent gain that still falls far short of Q2's 140 percent surge. With a November IPO approaching, some investors now expect the company's valuation to drop below $1.5 trillion. Slowing growth and a tough market are cooling expectations for the AI boom's biggest Wall Street test yet. The article Anthropic's Q3 revenue hits $16.8B but growth slows ahead of planned November IPO appeared first on The Decoder.
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