● ANTHROPIC REVENUE HITS $16.8 BILLION BEFORE IPO

Anthropic told prospective investors its third-quarter revenue reached $16.8 billion, up 46% from the prior quarter, and that the company turned profitable on an adjusted basis for the first time. The AI lab is now preparing a roadshow ahead of a listing that could value it at more than $2 trillion, more than double what investors paid in its funding round earlier this year. Amazon ($AMZN), one of Anthropic's largest backers, stands to benefit if the IPO prices as planned before Thanksgiving. The jump lands in the middle of a rough week for AI-linked stocks, with chip and tech shares selling off hard across global markets.