According to Jin10, Anthropic told investors that its third-quarter revenue jumped to $16.8 billion and that it was profitable in the period. The company also said adjusted profitability was achieved, quarterly revenue rose nearly 50% from $11.5 billion in the second quarter, and cash flow was positive. Anthropic added that chips and data centers are essential for training and running AI models and are its largest expenses. The Claude model developer is seeking support for its planned blockbuster IPO, which is widely expected to be the highest-valued listing in history.