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Anthropic revenue jumps to $16.8bn in third quarter

AI start-up gathered investors for presentations in San Francisco on Wednesday ahead of its anticipated public listing

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Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

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Revenue

The total money a company earns from selling goods or services before any costs are subtracted.

Revenue growth shows demand for a company's products; profit shows whether it earns money from them.

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Startup

A young company built to grow quickly, often around a new product or technology, usually funded by investors.

Startups create new jobs and industries, but most fail, which is why funding rounds are closely watched.

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