Tags: Revenue

Anthropic has signed a three‑year contract with Elon Musk's xAI to purchase the entire 300‑megawatt output of the Colossus 1 data center near Memphis, Tennessee. The deal, disclosed in SpaceX’s S‑1 filing, obligates Anthropic to pay $1.25 billion per month through May 2029, with a discounted rate for the first two months. The agreement could generate more than $40 billion in revenue for xAI and includes a 90‑day termination clause for either party. Industry observers see the arrangement as a rare "neocloud" model that lets AI firms monetize idle compute capacity. Read more

Anthropic told investors it expects to more than double its second‑quarter revenue to about $10.9 billion and post an operating profit for the first time, the Wall Street Journal reported. The AI startup’s rapid growth puts it ahead of rival OpenAI, but analysts warn that hefty compute expenses could erase the profit later in the year. Anthropic declined further comment as the news coincided with reports that OpenAI may soon file for an IPO. Read more

Anthropic is targeting up to $70 billion in revenue and $17 billion in cash flow by 2028, driven by rapid adoption of its AI business products. The firm expects its current‑year API sales to reach $3.8 billion, more than double OpenAI’s projected $1.8 billion from the same channel. Partnerships with Microsoft, Salesforce, Deloitte and Cognizant are expanding Claude’s enterprise footprint, while new, cost‑effective models such as Claude Sonnet 4.5 and Claude Haiku 4.5 aim to capture large‑scale deployments. A recent $13 billion financing round valued Anthropic at $170 billion, and future fundraising could push the valuation toward $300–$400 billion. The company also reports a $2.5 billion credit facility and a $1.5 billion legal settlement. Gross‑profit margins are projected to rise to 50% this year and 77% by 2028, marking a dramatic turnaround from a negative 94% margin last year. Read more

OpenAI chief executive Sam Altman told listeners that the company’s revenue exceeds the $13 billion figure that has been reported, and he brushed off speculation about an imminent public listing. Speaking alongside Microsoft chief Satya Nadella, Altman emphasized the firm’s steep revenue growth, its massive compute‑spending commitments, and the long‑term focus on AI products such as ChatGPT. While acknowledging critics’ concerns, he said the company is well‑positioned and has no concrete plans to go public in the near future. Read more

Google's Gemini app has vaulted to the top of the U.S. App Store, displacing OpenAI's ChatGPT after the August launch of its Nano Banana image‑editing model. The new model drove a 45% month‑over‑month jump in downloads, pushing Gemini to #1 on September 12 after briefly holding the #2 spot. On Google Play the app rose to #2, while ChatGPT remains the platform leader. Gemini’s rapid growth has also boosted its revenue, with August earnings soaring to $1.6 million and September on track for a similar haul. The app now boasts tens of millions of new users and hundreds of millions of images shared. Read more