Anthropic’s numbers look impressive, but can its growth justify the massive valuation as AI competition heats up?
The numbers
Q3 revenue: $16.8 billion, up 45% || 
Second consecutive quarter of adjusted profit || 
Targeted valuation: Over $2 trillion
What’s raising concerns?
$518 billion in commitments: Massive long-term spending on computing power and infrastructure could weigh on future profits.
Falling AI prices: As competitors cut prices, Anthropic may need more usage to maintain revenue growth.
The big question: Can Anthropic sustain its growth and profitability at a $2 trillion valuation?
Anthropic isn’t publicly listed yet, but some US-listed ETFs already offer exposure to its private shares.
To read more, click: Anthropic's IPO Troubles: Profitable Growth vs. Wall Street Reality