Eric Schmidt says Anthropic growing more than twice as fast as Google did

Anthropic disclosed that third‑quarter revenue jumped 45% to $16.8 billion, up from $11.6 billion in the prior quarter and $4.7 billion in the first. The firm said it was profitable on an adjusted basis, though growth slowed after more than doubling between the first and second quarters. A draft IPO prospectus reviewed by Reuters showed an $80.7 billion net loss in the first half of 2026, including a $72 billion non‑cash accounting charge, and the company spent nearly $9 billion on computing and infrastructure while committing at least $518 billion over a decade. Schmidt warned that free Chinese models could capture most global users, and Polymarket traders assigned a 9% chance of an AI‑industry downturn by Dec. 31, with nearly $2.5 million traded.