At the same time, the company is grappling with rapidly rising infrastructure costs. Anthropic invested nearly $9 billion in computing capacity and infrastructure in the first half of the year, compared with “just” $2.3 billion in the same period last year.
On top of that, the company has taken on substantial long-term commitments, pledging to spend at least $518 billion over ten years on cloud services, computing power, and infrastructure.
Meanwhile, the company’s planned November IPO is fast approaching, and investors are already considering a lower valuation than originally anticipated.
The picture is not quite as bleak as it might seem, however, as the company is also reporting strong growth. Revenue reached $11.6 billion in the second quarter. According to Reuters, Anthropic reported a 45 percent increase in revenue for the third quarter compared with the previous quarter, bringing the total to $16.8 billion.