AI giant Anthropic woos potential investors ahead of stock market debut

Artificial intelligence (AI) giant Anthropic has been drumming up support for its expected stock market listing as it seeks to reassure investors of its profit-making potential.

Anthropic revenue surged by 45% to $16.8bn (£12.7bn) in the three months to the end of September, the BBC understands.

In common with other AI firms, it is seeking to position itself as being able to generate huge profits despite spending billions on tech.

It also emphasised safety at its event after warnings by current and former researchers of serious and even existential risks to humanity posed by AI.

Anthropic's revenue has risen in successive quarters this year, from $4.7bn in the first three months to $11.6bn the following period.

The company also told investors during the event at its headquarters in San Francisco that it had made a third quarter profit on an adjusted basis, an accounting method which ignores non-recurring costs.

Investors reportedly left the Anthropic investor event optimistic about the company's rapid revenue growth and path to profitability.

Source: BBC News Technology RSS (Open Press / Full Text)