Anthropic, the developer of the Claude AI models, generated $16.8 billion in revenue between July and September 2026, approximately 46% more than in the preceding quarter. It reported a second consecutive quarterly profit on an adjusted basis, excluding certain costs. Nevertheless, growth moderated after revenue more than doubled between the first and second quarters. The company is targeting a November initial public offering that could value it at up to $2 trillion. About 80% of its revenue comes from corporate customers.
In a separate initiative announced on Sunday, Anthropic proposed allocating 5% of its shares to the Anthropic Public Benefit Fund, subject to shareholder approval. Structured as a wholly owned limited liability company rather than a charity, the fund could make substantial donations to established non-profit organisations or distribute money directly to particular populations. Its board could allocate a further 2% of shares for each 50% increase in Anthropic's value above a specified baseline. The shares will not finance lobbying or political donations.
AI's impact on employment is one potential area of activity. Anthropic has already pledged $200 million towards research into adapting to AI's economic effects, but said larger interventions might become necessary. Combined with earlier commitments by its co-founders and an employee share-donation matching programme, the proposed fund would bring the proportion of shares dedicated to public benefit to roughly 20%, according to the company. Anthropic plans to release further information about governance and valuation milestones in the coming months.
