Anthropic is demonstrating not only rapid but accelerating revenue expansion. The AI model developer’s annualized revenue run rate, which projects a full year's earnings based on recent performance, surged past $65 billion by the close of July, as reported by Bloomberg on Monday. This marks a significant increase from $47 billion in May and a mere $9 billion at the end of the previous year.
Anthropic did not immediately provide a comment when contacted.
The company's investors anticipate this robust growth trajectory will persist through the remainder of the year, with projections placing its 2026 revenue between $100 billion and $120 billion, according to the Financial Times.
In comparison, its competitor OpenAI recently doubled its revenue to $40 billion, up from $20 billion at the close of 2025, Bloomberg disclosed last week.
While the methodologies for calculating revenue metrics might vary between the two firms, Anthropic's exceptional growth rate has garnered significantly more investor interest than that of OpenAI.
Both companies have confidentially submitted initial public offering (IPO) documentation. Anthropic is expected to enter the public markets ahead of OpenAI, potentially as early as this fall. The Financial Times reports that Anthropic aims for a public valuation of $2 trillion or more, which would position it to achieve the largest market debut ever recorded.
Anthropic's most recent private valuation stood at $965 billion in late May, coinciding with a $65 billion funding round it successfully secured.
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