Anthropic’s $16.8 Billion Q3 Revenue Shakes AI Trade as Growth Slows Below 50%

3 articles · Updated · Bloomberg · Oct 14

$16.8 billion in third-quarter revenue rattled investors because Anthropic’s growth fell to about 45% from triple-digit rates earlier this year, undercutting expectations ahead of its planned IPO.
That slowdown hit a market already financing the AI buildout at enormous scale: bankers had just been syndicating $60 billion for Anthropic chip spending and seeking another $50 billion for OpenAI.
Chip stocks sold off sharply after the disclosure, with South Korea’s Kospi down as much as 9.3% and Japan’s Nikkei 225 off as much as 5.4%.
Anthropic still projects roughly $74 billion in annualized revenue and is expected to start IPO marketing in early November at up to a $2 trillion valuation.
A survey of nearly 400 businesses suggests the issue may be broader than one company, with one in four organizations delaying or canceling AI projects as costs rise.