Anthropic disclosed significant financial growth during an investor briefing, with quarterly revenue reaching $16.8 billion, representing a 45% increase from the prior period. The company revealed these figures as part of preparations for a planned public listing anticipated to occur before year-end. Revenue has demonstrated consistent expansion throughout the year, beginning at $4.7 billion in the first quarter, rising to $11.6 billion in the second quarter, and reaching the latest figure in the third quarter. The company also informed investors that it achieved profitability for the second consecutive quarter.
The disclosure comes amid significant turbulence in technology markets, particularly affecting companies involved in semiconductor manufacturing and AI infrastructure development. Shares in major chip producers including AMD, Nvidia, and Intel experienced sharp declines on the announcement day. International markets saw pronounced weakness as well, with Japanese investment firm SoftBank dropping more than 9% and South Korean semiconductor manufacturers Samsung and SK Hynix falling 9.5% and 11% respectively. Regional indexes in Asia faced substantial pressure, prompting trading halts in South Korea after declines exceeding 8%, while Japan’s benchmark index lost approximately 5%.
Market concerns have centered on the sustainability of massive investments in AI infrastructure and questions about whether current spending levels are justified by actual returns. These anxieties intensified following comments from Broadcom chief executive Hock Tan, who warned that many investors lack clarity and harbor unrealistic expectations about the sector. Additional downward pressure emerged from inflation data released during the week, which showed price increases exceeded forecasts for September, raising prospects for higher interest rates from the Federal Reserve.
The sector faces additional headwinds related to AI safety concerns. OpenAI’s chief executive announced the company would delay its own public market entry to address safety-related issues with AI models. Anthropic has similarly emphasized the importance of responsible development, with its leadership publicly advocating for a measured approach to technological advancement. The company expanded its global footprint during this period, establishing a new office in Singapore.
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