Anthropic Q3 personnel expenses jump to $1.71 billion from $489 million

Anthropic's personnel expenses surged to $1.71 billion in Q3, a sharp jump from $489 million, driven largely by stock-based compensation. The steep rise in equity payouts could weigh on shareholder value and fuel concerns about future dilution as the AI company scales its workforce. The figures underscore the intensifying cost of competing for top AI talent, where compensation packages increasingly rely on stock grants. Investors will be watching whether Anthropic's revenue growth can keep pace with its expanding expense base and how future funding rounds address the dilution question.