Anthropic revenue surges 1,127% to USD 17 billion in Q3, higher computing costs weigh on margins

Washington DC [US], November 3 (ANI): Artificial Intelligence company Anthropic’s revenue surged 1,127 per cent year-on-year to USD 17 billion in the September quarter, but higher costs of securing computing capacity pushed it back into an operating loss, highlighting the financial demands of scaling its AI business.

In its updated registration statement filed with the US Securities and Exchange Commission (SEC), the company reported an operating loss of USD 567 million for the three months ended September 30, compared with an operating income of USD 974 million in the preceding quarter.