Anthropic Targets November IPO After Posting $16.8 Billion Q3 Revenue

2 articles · Updated · TechCrunch · Oct 20

$16.8 billion in third-quarter revenue, up 45% from the prior quarter, was disclosed to prospective investors as Anthropic lines up a November IPO.
A leaked S-1 says the company is struggling to secure enough cloud capacity from AWS, Google and Microsoft, which increasingly view the Claude maker as a competitor rather than a customer.
More than $750 billion in cloud contracts could be required, the filing says, pushing Anthropic to lease its own data centers and use third-party operators despite concerns about their limited operating history.
That expansion drive follows an $80.7 billion net loss in the first half, when revenue totaled $16.3 billion and two customers generated about one-fifth of sales.
The filing also warns Anthropic could face AI-harm liabilities exceeding insurance coverage, adding to the risks investors may weigh ahead of the listing.