Anthropic, an artificial intelligence (AI) company, reported a 45% increase in revenue to $16.8 billion (£12.7 billion) for the three months ending September 30, according to information obtained by the BBC. The company disclosed these figures to potential investors during a briefing at its San Francisco headquarters as it prepares for a stock market listing anticipated by the end of the year.
This revenue growth follows a pattern of increasing earnings for Anthropic, which rose from $4.7 billion in the first quarter to $11.6 billion in the second quarter. The company also indicated that it has achieved profitability for the second consecutive quarter.
The revenue figures from Anthropic and its competitor OpenAI are viewed as significant indicators of the AI sector's growth and its capacity to fund necessary infrastructure.
On the same day, shares of several US technology companies declined amid concerns regarding investments in AI. Notably, stocks of chip manufacturers such as AMD, Nvidia, and Intel experienced sharp declines. In Asia, shares of Japanese tech investment firm Softbank fell by over 9%, while South Korean semiconductor companies saw significant drops, with Samsung decreasing by 9.4% and SK Hynix by 10.8%.
In South Korea, trading on the Kospi and Kosdaq indexes was temporarily halted after declines exceeding 8%, and Japan's Nikkei 225 index fell by more than 5%.
Concerns regarding AI spending were highlighted by Broadcom's CEO Hock Tan, who remarked at a conference in Singapore that many investors have unrealistic expectations. He compared the current investment climate to a casino. Additionally, there are ongoing worries about the safety of AI models. OpenAI's CEO Sam Altman stated in September that his company would not pursue a public offering this year while addressing safety concerns.
Anthropic's CEO Dario Amodei has also expressed the need for a more cautious approach to AI development. The company continues to expand its global presence, recently opening an office in Singapore.