Anthropic reports 50% revenue surge ahead of IPO

Anthropic disclosed strong financial growth to investors, with quarterly revenue rising nearly 50% to $16.8 billion. The company reported $4.8 billion in Q1, $11.5 billion in Q2, and achieved an 11% adjusted operating margin in Q3. Anthropic also addressed ‘distillation,’ a practice where rival AI labs train models using outputs from more advanced ones, revealing it accounted for 5-7% of revenue before cutting it back in Q3.