Anthropic will this week present updated third-quarter financial results to institutional investors gathering at its headquarters, marking the first disclosure of those figures. According to CNBC sources, the meeting is scheduled for Wednesday as the company prepares for a potential IPO.
The San Francisco-based AI company will share the numbers with a select group of investors, according to two people familiar with the matter. Anthropic declined to comment. Bloomberg had earlier reported that the meeting was taking place.
The release matters beyond the company itself because private AI revenue figures have become influential for the broader tech trade. Last week, confusion surrounding a report on OpenAI’s revenue and revised accounting weighed on major semiconductor stocks and the Nasdaq. OpenAI told existing investors it had updated revenue of $50 billion, below the $70 billion figure that had been widely reported.
One person familiar with the matter told CNBC that the updated OpenAI figure excluded revenue from cloud partners and did not signal weaker demand. It is still unclear whether Anthropic will account for sales in the same way and include partner revenue, but the coming disclosure should give investors a clearer view of the company’s growth and profitability.
Sources said Anthropic is moving ahead with plans for a listing that could value the company at $2 trillion based on its latest reported revenue, which could top $100 billion by the end of this year. Anthropic confidentially filed with the Securities and Exchange Commission earlier this year, but its S-1 financials have not been made public. Reuters reported that the listing could come in November, though CNBC’s sources could not confirm a date.
Market conditions remain a major variable. With interest rates rising, Broadcom CEO Hock Tan said access to capital could become the biggest constraint on AI companies, and chip stocks extended their decline on Tuesday amid fresh concerns over the durability of AI financing.
