Anthropic to disclose new revenue figures, AI lab finances become focus of tech markets

Anthropic plans to disclose third-quarter financial data for the first time at a meeting with potential investors on Wednesday, as the company prepares for what could be the largest IPO in history. According to sources familiar with the matter, the data will be shared only with a group of institutional investors; Bloomberg first reported the meeting, and Anthropic declined to comment. Last week, OpenAI gave existing investors an updated revenue figure of $50 billion, lower than the widely reported $70 billion; that figure excludes cloud partner revenue and, according to sources, does not represent a change in demand. Confusion from related reports briefly dragged down semiconductor stocks and the Nasdaq. Based on the latest revenue figures, Anthropic's public valuation could reach $2 trillion, with year-end revenue possibly exceeding $100 billion; the company confidentially filed with the SEC earlier this year but has not yet publicly released S-1 financial data. According to Reuters, Anthropic will go public in November, though sources could not confirm the listing date.