Anthropic reportedly told investors its third-quarter revenue reached $16.8 billion, up 45% from the previous quarter, with the company profitable on an adjusted basis — numbers disclosed at a closed-door pre-IPO investor meeting in San Francisco.
Bloomberg and other outlets reported on October 9 that Kimi parent Moonshot AI closed its final pre-IPO private round at a valuation of about $50 billion, targeting a Hong Kong listing in Q1 2027. DeepSeek, Anthropic, and OpenAI are also advancing listings or mega-rounds — the big four AI labs of China and the US are heading to public markets at the same time.
The Financial Times reported on October 8 that OpenAI told investors its end-of-September annualized revenue was near $50 billion — about $20B below the $70B figure previously reported in media. Differences in accounting methodology are the main cause.
Bloomberg reports OpenAI is in early talks for a new round of at least $30 billion at a pre-money valuation of about $1.4 trillion. CEO Altman also confirmed the company will not IPO in 2026, citing AI safety concerns.
Anthropic has filed an S-1 with the US SEC, disclosing nearly $4.6 billion in 2025 revenue and a $42 billion net loss, alongside plans to spend $518 billion on compute over the coming years. Meanwhile the prospectus unusually warns that the advanced AI it develops could bring 'catastrophic or even existential risk' to humanity.