Anthropic brings Wall Street an AI bull case

AI companies for years have promised that smarter models would be worth the staggering cost to build them. Anthropic on Wednesday made that case in cash. The company presented eye-popping financials to investors, saying it was cash flow positive in the third quarter, with revenue surging nearly 50% to $16.8 billion compared to the April-to-June period. Why it matters: As Wall Street broadly spent the day fearing an AI bubble, Anthropic offered what investors have been desperate to see: evidence