Anthropic Posts $23B Loss Ahead of Planned IPO
Anthropic has released new financial results shortly before its planned initial public offering, which is when a company first sells shares to the public. Its revenue grew twelvefold, but it has once again slipped into the red on an operating basis, with a loss of $23 billion.
Quick glossaryAnthropic, initial public offering, operating basis
- Anthropic
- An AI company best known for its Claude chatbot, based in the United States.
- initial public offering
- The first time a private company sells shares to ordinary investors on a stock market.
- operating basis
- Counting only the money made and spent running the company's main business, not one-off items.
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