Anthropic
Anthropic overtakes OpenAI in revenue and eyes a giant IPO
🧒 Discovery
The company that makes Claude now earns more money than the one that makes ChatGPT, like a runner overtaking the race favorite.
📰 Essential
Anthropic's annualized revenue reached $65 billion at the end of July, versus $40 billion for OpenAI. The company is reportedly preparing an IPO at a valuation above $2 trillion, possibly as soon as this fall.
🔬 Expert
The trajectory, $9B at the end of 2025, $47B in May, $65B in late July, is driven largely by professional use of Claude, coding first. Investors expect $100-120B by year-end and a possible fall IPO above a $2 trillion valuation; actual profitability, however, remains undisclosed.