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Anthropic presented financial data to investors on Wednesday confirming the company was cash flow positive in the third quarter.
Revenue surged nearly 50% to $16.8 billion, a significant increase from the April-to-June period.
The disclosure arrived as the S&P 500 fell more than 1% for the first time in 53 sessions, driven by concerns over an artificial intelligence bubble.
The Financial Times first reported the figures, which sources told Axios demonstrated that frontier AI can operate as a sustainable business.
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