Anthropic's quarterly loss shrinks, revenue jumps ahead of blockbuster IPO

What happened: Anthropic's net loss narrowed in the third quarter while revenue rose, according to an amended IPO filing with the US Securities and Exchange Commission. The company filed to go public last week. Key numbers: Net loss fell to $23.29 billion in the quarter ended September 30 from $66.3 billion in the second quarter. Revenue rose to $16.96 billion from $11.56 billion. Why it matters: The filing sets the stage for what could be the biggest initial public offering on record, as investors scrutinize the vast sums being poured into AI infrastructure.

Anthropic's net loss narrowed in the third quarter while revenue rose, according to an amended IPO filing with the US Securities and Exchange Commission. The company filed to go public last week.

The filing sets the stage for what could be the biggest initial public offering on record, as investors scrutinize the vast sums being poured into AI infrastructure.