Anthropic tells investors quarterly revenue up nearly 50% to $16.8bn ahead of IPO

Summary

Anthropic told investors that quarterly revenue rose nearly 50% to $16.8bn in the third quarter, according to people with knowledge of the matter reported by the FT. The company said distillation, where rival labs train models on Anthropic's outputs, accounted for 5 to 7 per cent of revenue and was cut back materially in Q3.

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