Anthropic 3Q Revenue Hits $16.8 Billion Ahead of IPO

Anthropic told prospective investors its third-quarter revenue hit $16.8 billion as the artificial intelligence company pushes ahead with plans to go public. Bloomberg's Bailey Lipschultz joins Ed Ludlow on "Bloomberg Tech." The revenue figure underscores the rapid growth of the AI sector and Anthropic's position as a major player alongside rivals like OpenAI. The company's decision to share the number with prospective investors signals confidence as it prepares for an initial public offering. The IPO would be a landmark event for the AI industry, giving public market investors direct exposure to a leading developer of large language models and related technologies. Lipschultz provides analysis on what the revenue figure means for Anthropic's valuation and the broader AI investment landscape.