Anthropic is set to disclose its third-quarter revenue today, paving the way for its IPO at a $2 trillion valuation.

Beating AI News Flash: Anthropic will today disclose its third-quarter revenue figures to potential institutional investors at its San Francisco headquarters, to gauge investor reaction to its financial performance and IPO plans. The company is reportedly advancing an IPO valued at around $2 trillion, with plans to go public in November. It previously filed a confidential IPO application with the U.S. Securities and Exchange Commission (SEC), though the exact listing date remains unconfirmed. This disclosure comes amid pressure on the AI sector. Last week, OpenAI updated existing investors on its annualized revenue of $50 billion, below the widely circulated market estimate of $70 billion, sparking debate over revenue calculation metrics and weighing on semiconductor stocks and the Nasdaq index. Meanwhile, Broadcom CEO Hock Tan warned that rising interest rates could make access to capital a key constraint for AI companies' growth. The market will closely watch whether Anthropic clarifies its revenue recognition standards, particularly whether it includes revenue from cloud partners, to avoid a repeat of the market misinterpretation triggered by OpenAI's data disclosure. This financial data release may influence investors' assessment of Anthropic's growth outlook, and further impact its IPO pricing and listing timeline.