Investors grow wary as AI revenue growth slows, with Anthropic's Q3 results cited as an example

Summary

Fast Company reports that investors are growing nervous about AI companies because their revenue growth rate is slowing, even as revenue keeps rising. Anthropic's third-quarter revenue rose 45% to $16.8 billion, up from $11.6 billion in the previous quarter, after growing nearly 60% between the first and second quarters. Fast Company notes that Q1 alone exceeded Anthropic's full-year 2025 revenue of $4.6 billion, citing Morningstar. Sameer Samana of the Wells Fargo Investment Institute says that investor expectations have shifted from fast growth that keeps getting faster to simply fast, and that stock prices were priced for the earlier pace. The article also reports that OpenAI's annualized recurring revenue was reportedly close to $70 billion in late September, and that reports on October 8 said the company had cut that figure by $20 billion.

Timeline

1. Fast Company

   19 Oct 2026, 19:20 UTCSource ↗

   Fast Company reports that Anthropic's Q3 revenue rose 45% to $16.8 billion from $11.6 billion, a slowdown from the nearly 60% rise of the prior quarter, and that the slowing growth rate is making AI investors nervous.