human The artificial intelligence giant is set to disclose its third-quarter financials for the first time in a meeting with potential investors on Wednesday, as it prepares for what could be the largest initial public offering in history.
San Francisco-based Anthropic plans to release the numbers to a group of institutional investors, said two people familiar with the matter, who requested anonymity because the details are confidential.
Bloomberg first reported that the talks were taking place. Antropic declined to comment.
The meeting comes as the revenue numbers of leading private AI companies prove to have a huge impact on the broader market.
Confusion over a report that revealed details last week OpenAI‘s earnings and updated accounting sent major semiconductor stocks and the entire Nasdaq lower.
As part of its ongoing fundraising, OpenAI shared updated revenue figures of $50 billion with current investors, which was lower than the widely reported $70 billion. The updated numbers subtracted revenue from cloud partners and did not indicate a change in demand, said the people, who requested anonymity to discuss internal information.
It’s unclear whether Anthropic will account for sales in a similar way and include partner earnings, but this week’s numbers will provide a more accurate snapshot of Anthropic’s growth and profitability for investors looking to evaluate the company ahead of its IPO. It will also help Anthropic’s senior executives and bankers gauge investor interest and consider reaction to the latest financials.
Anthropic is moving forward with a potential $2 trillion listing based on the latest reported revenue numbers, and could top $100 billion by the end of this year, according to people familiar with the plans.
its rating will exceed that space x‘s historic debut work.
Anthropic has not made public its S-1 financials, although they filed confidentially with the Securities and Exchange Commission earlier this year. The company plans to go public in November, according to Reuters, but people familiar with the plan could not confirm the listing date. If it goes ahead, Anthropic would also go public at a time when rising interest rates are shaking up some parts of AI trading.
Comments from broadcom CEO Hock Tan made AI’s name even more bandied about this week. Access to capital could be the biggest constraint for AI companies as interest rates rise, Tan said at a briefing on Monday.
Semiconductor stocks fell on Tuesday, continuing an overnight decline triggered by concerns about the durability of AI funding.
Market conditions will be one of the biggest factors in Anthropic’s upcoming IPO, with bankers closely monitoring investor appetite for growth and AI stocks.
