Overview
- Anthropic told investors in mid‑October that third‑quarter revenue was about $16.8 billion and that it was cash‑flow positive on an adjusted basis for a second consecutive quarter.
- Kroll Bond Rating Agency assigned Anthropic a BB+ rating in June tied to a roughly $35 billion chip and infrastructure financing, and that grade was reached on limited company disclosures without full free‑cash‑flow or EBITDA data.
- Major banks are preparing roughly $60 billion of financing for custom AI chips and infrastructure and reports say Anthropic may issue up to $42 billion of convertible notes to fund chip leasing.
- New York City Comptroller Mark Levine asked the company to delay its IPO over AI safety and governance concerns, and Anthropic opened talks with his office while some institutional investors press for fuller disclosures.
- Market participants have repriced the potential IPO lower to about $1.5 trillion from prior $2 trillion talk and will use the planned roadshow in the week of November 9 to test demand and require clearer audited metrics before large institutional allocations.