Anthropic's Q3 revenue hits $16.8B but growth slows ahead of planned November IPO

Anthropic hit $16.8 billion in third-quarter revenue, a 45 percent gain that still falls far short of Q2's 140 percent surge. With a November IPO approaching, some investors now expect the company's valuation to drop below $1.5 trillion. Slowing growth and a tough market are cooling expectations for the AI boom's biggest Wall Street test yet.