Anthropic's annualized revenue run rate crossed the $65 billion threshold at the close of July, Bloomberg reported Monday. The figure marks a steep climb from $47 billion recorded in May and a dramatic rise from $9 billion at the end of last year.
Investors surveyed by the Financial Times expect the company to sustain this momentum, projecting full‑year 2026 revenue between $100 billion and $120 billion. The outlook reflects confidence that Anthropic can keep accelerating growth through the remainder of the year.
OpenAI, Anthropic's chief rival, posted a revenue total of $40 billion, double its $20 billion figure at the end of 2025, Bloomberg noted last week. While the two firms may calculate revenue metrics differently, Anthropic's faster rate has drawn more attention from the investment community.
Both AI developers have submitted confidential paperwork to launch initial public offerings. Anthropic appears poised to go public before OpenAI, with a possible filing as early as this fall.
According to the Financial Times, the company will seek a public market valuation of $2 trillion or higher. If achieved, the debut would become the largest ever recorded. Anthropic's most recent private valuation stood at $965 billion after a $65 billion financing round in late May.
The firm did not respond to a request for comment, Bloomberg said.
Analysts see the revenue surge and looming IPO as signals of deepening investor appetite for AI-driven businesses. Should Anthropic secure the targeted valuation, the deal could reshape expectations for tech listings and set a new benchmark for AI companies seeking public capital.
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