Anthropic's revenue surges 14-fold to $16.3 billion ahead of record IPO

Anthropic reported revenues of $16.3 billion in the first half of the year, 14 times higher than the same period last year, ahead of a record-breaking IPO that could value the AI company at up to $2 trillion. The revenue largely came from businesses using Anthropic's AI software, including Claude, with over half of Fortune 500 companies among its clients. The company reported a net loss including a $72.4 billion expense related to convertible bonds, described as unusually large. Anthropic's IPO on Nasdaq under the ticker "ANT" could raise over $100 billion, surpassing SpaceX's listing as the largest in history. The company was founded in 2021 by researchers who left OpenAI over AI safety disagreements.