AI model maker Anthropic reports a 45% jump in third-quarter revenue to $16.8 billion (about $17 billion), as it holds an investor meeting ahead of a planned initial public offering, potentially as soon as next month. Multiple outlets cite company figures presented to prospective investors.

The reports say Anthropic gathers investors in San Francisco for presentations while detailing its growth outlook and the economics of operating large AI systems. Coverage highlights that while revenue growth is rapid, the company faces substantial costs associated with building and running AI models. Bloomberg and the Financial Times also frame the updates as part of ongoing discussions with potential investors ahead of the IPO process.

While outlets differ slightly on the emphasis—some focusing on the size of revenue growth and others on the IPO timing and cost pressures—they consistently describe the same quarter’s results and Anthropic’s effort to secure investor support as it advances toward going public.