Updated

Anthropic's third-quarter revenue reportedly reached $16.8 billion as the AI company prepares for its public listing, according to people familiar with the matter. Despite the strong absolute figure, analysts and investors flagged that the pace of revenue growth appears to be slowing compared with prior quarters, raising questions about the sustainability of the AI boom just as Anthropic heads toward its IPO. The deceleration is being read by some market observers as a potential red flag for the broader AI trade, adding to jitters among investors who have poured capital into AI-related names on the assumption of continued hypergrowth. The news arrives amid a wider bout of skepticism about AI spending and valuations across tech markets.