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Anthropic reported $16.8 billion in third-quarter revenue, up 45% quarter-over-quarter, and achieved profitability for the first time on an adjusted basis. Revenue rose from $4.7 billion in the first quarter to $11.6 billion in the second quarter. The company plans to launch an IPO after the U.S. midterm elections in November, with a target valuation of $2 trillion, while committing to invest at least $5.18 trillion in cloud and infrastructure over the next 10 years.
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Anthropic announced the establishment of a philanthropic fund, to which it will contribute 5% of the company's shares. The fund is a wholly owned entity of the company and includes an option to add 2% more shares each time the company's valuation grows by 50%. The company's stated ideas for how the funds will be used include large donations to traditional nonprofit organizations or direct distributions to specific groups of people. It had previously committed $200 million to research AI's impact on the job market. Anthropic said it will disclose information about the fund's structure and governance in the coming months.
Anthropic announced the establishment of a philanthropic fund, to which it will contribute 5% of the company's shares. The fund is a wholly owned entity of the company and includes an option to add 2% more shares each time the company's valuation grows by 50%. The company's stated ideas for how the funds will be used include large donations to traditional nonprofit organizations or direct distributions to specific groups of people. It had previously committed $200 million to research AI's impact
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As Anthropic tripled in size, the share of junior employees in technical roles fell from 21% to 14%. About one-third of ML managers and one-fifth of SWE managers said AI led them to reduce hiring; during the same period, the work hours logged by its agents reached 6 times the number of human work hours.
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Anthropic is working with law firms to develop fair negotiation standards for AI agents that bargain on users' behalf, handle complaints, or improve contract offers. According to the Financial Times, the company has shown in experiments that stronger models can negotiate better deals, which could widen social inequality. Anthropic is also hiring Conceptual Reasoning Fellows with legal backgrounds to spend four months testing Claude on judgment-intensive questions in law, philosophy, cognitive science, economics, and political science, with pay of $100,000 to $167,000.
Anthropic is working with law firms to develop fair negotiation standards for AI agents that bargain on users' behalf, handle complaints, or improve contract offers. According to the Financial Times, the company has shown in experiments that stronger models can negotiate better deals, which could widen social inequality. Anthropic is also hiring Conceptual Reasoning Fellows with legal backgrounds to spend four months testing Claude on judgment-intensive questions in law, philosophy, cognitive sc
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OpenCode released an official statement on a large-scale distillation attack, saying the incident affected 1.4% of OpenCode Console users, specifically a subset of users who had linked external providers. Those users were notified by email that morning; anyone who did not receive an email was not affected. TestingCatalog reported that the balances of some OpenCode users on OpenAI, Anthropic, and Google were drained. The incident is still being handled, and OpenCode is working with the three companies to remediate it.
fficial statement on a large-scale distillation attack, saying the incident affected 1.4% of OpenCode Console users, specifically a subset of users who had linked external providers. Those users were notified by email that morning; anyone who did not receive an email was not affected. TestingCatalog reported that the balances of some OpenCode users on OpenAI, Anthropic, and Google were drained. The incident is still being handled, and OpenCode is working with the three companies to remediate it.
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