Anthropic's Meteoric Rise: Tripling Revenue to $3 Billion in Just 5 Months

Anthropic tripled its revenue in 5 months - and this is why

Anthropic's annualized revenue -- or its total projected earnings over the course of the year, assuming its current rate of income continues -- was close to $1 billion in December, according to the Reuters report, which cited anonymous sources close to the matter. It crossed the $2 billion threshold in late March and reached $3 billion last month. Also: Anthropic's free Claude 4 Sonnet aced my coding tests - but its paid Opus model somehow didn't Founded in 2021 by siblings Dario and Daniela Amodei, both former OpenAI employees, Anthropic has built its business model around its Claude family of generative AI chatbots. The company has also positioned itself as a leader in the responsible deployment of powerful AI tools. Following in the Amodeis' footsteps, a steady stream of OpenAI researchers has since left the company to join Anthropic, many of them citing a wish to work in an environment that prioritizes safety over speed. (Disclosure: Ziff Davis, ZDNET's parent company, filed an April 2025 lawsuit against OpenAI, alleging it infringed Ziff Davis copyrights in training and operating its AI systems.) While OpenAI has dominated the market for consumer AI-facing products, most notably ChatGPT, Anthropic has focused on building its enterprise customer base. The company is, first and foremost, a software-as-a-service (SaaS) vendor, though it also earns revenue via consumer subscriptions to Claude. Its products are known for their prowess in writing computer code, one of the few truly tried-and-proven business applications for generative AI chatbots. Claude Opus 4, one of the newest models from Anthropic, was released last month and described in a company blog post as "the best coding model in the world." Also: The best AI chatbots: ChatGPT, Copilot, and notable alternatives Anthropic has also emphasized privacy and data security with its AI tools. Its enterprise customers, for example, have access to private cloud deployments and other cybersecurity features. In contrast to the free version of ChatGPT and ChatGPT Plus, in which users automatically opt in to have their interactions used for model training, Anthropic doesn't use such data without users' explicit consent. All of this has added up to a rapid -- and apparently accelerating -- ascent for Anthropic within its particular niche. One venture capitalist quoted in the Reuters report said the company's growth since December is the quickest he has ever seen for a SaaS company. As businesses' use of AI grows, so too does the conviction that the technology will eventually automate a large portion of the workforce, which, in turn, could likely present new social and economic challenges. In an interview with Axios last week, Dario Amodei warned that AI -- even as it fuels innovation in critical fields like health care -- could replace half of all entry-level white-collar jobs within the next five years. Also: AI could erase half of entry-level white-collar jobs in 5 years, Anthropic CEO warns While the impact of emerging tech upon the job market is notoriously difficult to predict, there's some early evidence to support Amodei's alarming forecast. A recent report from VC firm SignalFire, for example, found that the number of recent college graduates hired at tech companies has been dropping since the COVID pandemic, a phenomenon that could be fueled, in part, by those businesses' adoption of AI to handle routine tasks. Amodei has also said that as soon as next year, AI could make it possible for a single-person company to reach a billion-dollar valuation. Get the morning's top stories in your inbox each day with our Tech Today newsletter.

Exclusive: Anthropic hits $3 billion in annualized revenue on business demand for AI

SAN FRANCISCO, May 30 (Reuters) - Artificial intelligence developer Anthropic is making about $3 billion in annualized revenue, according to two sources familiar with the matter, in an early validation of generative AI use in the business world. The milestone, which projects the company's current sales over the course of a year, is a significant jump from December 2024 when the metric was nearly $1 billion, the sources said. The figure crossed $2 billion around the end of March, and at May's end it hit $3 billion, one of the sources said. While consumers have embraced rival OpenAI's ChatGPT, a number of enterprises have limited their rollouts to experimentation, despite board-level interest in AI. Anthropic's revenue surge, largely from selling AI models as a service to other companies, is a data point showing how business demand is growing, one of the sources said. A key driver is code generation. The San Francisco-based startup, backed by Google parent Alphabet (GOOGL.O), opens new tab and Amazon.com (AMZN.O), opens new tab, is famous for AI that excels at computer programming. Products in the so-called codegen space have experienced major growth and adoption in recent months, often drawing on Anthropic's models. This demand is setting Anthropic apart among software-as-a-service vendors. Its single-quarter revenue increases would count Anthropic as the fastest-growing SaaS company that at least one venture capitalist has ever seen. "We've looked at the IPOs of over 200 public software companies, and this growth rate has never happened," said Meritech General Partner Alex Clayton, who is not an Anthropic investor and has no inside knowledge of its sales. He cautioned that these comparisons are not fully precise, since Anthropic also has consumer revenue via subscriptions to its Claude chatbot. Still, by contrast, publicly traded SaaS company Snowflake took six quarters to go from $1 billion to $2 billion in such run-rate revenue, Clayton said. Anthropic competitor OpenAI has projected it will end 2025 with more than $12 billion in total revenue, up from $3.7 billion last year, three people familiar with the matter said. This total revenue is different from an estimated annualized figure like Anthropic's. Reuters could not determine this metric for OpenAI. The two rivals appear to be establishing their own swim lanes. While both offer enterprise and consumer products, OpenAI is shaping up to be a consumer-oriented company, and the majority of its revenue comes from subscriptions to its ChatGPT chatbot, OpenAI Chief Financial Officer Sarah Friar told Bloomberg late last year. OpenAI has not reported enterprise-specific revenue but said in May that paying seats for its ChatGPT enterprise product have grown to 3 million, from 2 million in February, and that T-Mobile (TMUS.O), opens new tab and Morgan Stanley (MS.N), opens new tab are among its enterprise customers. In the consumer race, Anthropic's Claude has seen less adoption than OpenAI. Claude's traffic, a proxy for consumer interest, was about 2% of ChatGPT's in April, according to Web analytics firm Similarweb. Anthropic, founded in 2021 by a team that departed OpenAI over differences in vision, closed a $3.5 billion fundraise earlier this year. That valued the company at $61.4 billion. OpenAI is currently valued at $300 billion. Reporting by Anna Tong and Jeffrey Dastin in San Francisco; Additional reporting by Kenrick Cai in San Francisco and Krystal Hu in New York; Editing by Kenneth Li and Matthew Lewis Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics:Artificial Intelligence Anna Tong Thomson Reuters Anna Tong is a correspondent for Reuters based in San Francisco, where she reports on the technology industry. She joined Reuters in 2023 after working at the San Francisco Standard as a data editor. Tong previously worked at technology startups as a product manager and at Google where she worked in user insights and helped run a call center. Tong graduated from Harvard University. Jeffrey Dastin Thomson Reuters Jeffrey Dastin is a correspondent for Reuters based in San Francisco, where he reports on the technology industry and artificial intelligence. He joined Reuters in 2014, originally writing about airlines and travel from the New York bureau. Dastin graduated from Yale University with a degree in history. He was part of a team that examined lobbying by Amazon.com around the world, for which he won a SOPA Award in 2022.

Anthropic hits $3 billion in annualized revenue on business demand for AI

Artificial intelligence developer Anthropic is making about $3 billion in annualized revenue, according to two sources familiar with the matter, in an early validation of generative AI use in the business world. The milestone, which projects the company's current sales over the course of a year, is a significant jump from December 2024 when the metric was nearly $1 billion, the sources said. The figure crossed $2 billion around the end of March, and at May's end it hit $3 billion, one of the sources said. While consumers have embraced rival OpenAI's ChatGPT, a number of enterprises have limited their rollouts to experimentation, despite board-level interest in AI. Anthropic's revenue surge, largely from selling AI models as a service to other companies, is a data point showing how business demand is growing, one of the sources said. A key driver is code generation. The San Francisco-based startup, backed by Google parent Alphabet and Amazon, is famous for AI that excels at computer programming. Products in the so-called codegen space have experienced major growth and adoption in recent months, often drawing on Anthropic's models. This demand is setting Anthropic apart among software-as-a-service vendors. Its single-quarter revenue increases would count Anthropic as the fastest-growing SaaS company that at least one venture capitalist has ever seen. "We've looked at the IPOs of over 200 public software companies, and this growth rate has never happened," said Meritech General Partner Alex Clayton, who is not an Anthropic investor and has no inside knowledge of its sales.

How Anthropic managed to triple its revenue in 5 months

The Claude chatbot family is driving explosive growth as Anthropic races to define the future of enterprise AI. Anthropic, the artificial intelligence startup founded in 2021 by former OpenAI executives, has reached $3 billion in annualized revenue, according to a recent report from Reuters. This figure represents a 200 percent increase since December, underscoring the rising demand for generative AI tools in the business sector. In December 2024, Anthropic's annualized revenue stood at just under $1 billion. By late March, it had surpassed $2 billion. It hit the $3 billion mark in May, fueled largely by its enterprise offerings and the strength of its Claude family of AI models. Unlike OpenAI, which has prioritized consumer-facing AI applications like ChatGPT, Anthropic has carved out a distinct position in the enterprise market. The company operates primarily as a software-as-a-service provider, offering Claude subscriptions and private deployments tailored to business customers. One key differentiator is Claude's strength in software development. The Claude Opus 4 model, released in May, has been described by the company as "the best coding model in the world." This capability has made it a favorite among developers and companies looking to automate programming tasks. Anthropic also provides robust privacy and security features, including private cloud infrastructure and opt-in-only data usage policies. In contrast to ChatGPT, where interactions may be used to improve the model by default, Claude users retain greater control over their data. Anthropic's growth has been accompanied by a steady migration of AI researchers from OpenAI, many of whom cite a preference for Anthropic's emphasis on alignment and responsible AI development. Founded by siblings Dario and Daniela Amodei, both of whom previously worked at OpenAI, the company has positioned itself as a leader in AI safety. This has helped build trust among corporate clients seeking both cutting-edge capabilities and ethical oversight. The Reuters report quoted one venture capitalist who described Anthropic's five-month growth rate as the fastest he has ever seen for a SaaS company. Anthropic's success reflects a broader trend: companies are adopting AI tools at a rapid pace, often with an eye toward automation. In a recent interview with Axios, CEO Dario Amodei warned that AI could replace up to half of all entry-level white-collar jobs within five years. Although long-term forecasts about job displacement are difficult to verify, early indicators suggest a shift is already occurring. Hiring rates for recent college graduates at tech firms have declined since the COVID-19 pandemic. The increasing use of AI for routine tasks may be one reason. Amodei also predicted that by next year, AI could enable single-person startups to reach billion-dollar valuations, further disrupting traditional labor and capital models.

Anthropic hits $3 billion in annualized revenue on business demand for AI

AI developer Anthropic has reached $3 billion in annualised revenue, up from $1 billion in December 2024, driven by strong enterprise demand, especially for code generation. Backed by Google and Amazon, Anthropic is emerging as a leading SaaS player, though it trails OpenAI in consumer adoption and overall valuation.Artificial intelligence developer Anthropic is making about $3 billion in annualized revenue, according to two sources familiar with the matter, in an early validation of generative AI use in the business world. The milestone, which projects the company's current sales over the course of a year, is a significant jump from December 2024 when the metric was nearly $1 billion, the sources said. The figure crossed $2 billion around the end of March, and at May's end it hit $3 billion, one of the sources said. While consumers have embraced rival OpenAI's ChatGPT, a number of enterprises have limited their rollouts to experimentation, despite board-level interest in AI. Anthropic's revenue surge, largely from selling AI models as a service to other companies, is a data point showing how business demand is growing, one of the sources said. A key driver is code generation. The San Francisco-based startup, backed by Google parent Alphabet and Amazon.com, is famous for AI that excels at computer programming. Products in the so-called codegen space have experienced major growth and adoption in recent months, often drawing on Anthropic's models. This demand is setting Anthropic apart among software-as-a-service vendors. Its single-quarter revenue increases would count Anthropic as the fastest-growing SaaS company that at least one venture capitalist has ever seen. "We've looked at the IPOs of over 200 public software companies, and this growth rate has never happened," said Meritech General Partner Alex Clayton, who is not an Anthropic investor and has no inside knowledge of its sales. He cautioned that these comparisons are not fully precise, since Anthropic also has consumer revenue via subscriptions to its Claude chatbot. Still, by contrast, publicly traded SaaS company Snowflake took six quarters to go from $1 billion to $2 billion in such run-rate revenue, Clayton said. Anthropic competitor OpenAI has projected it will end 2025 with more than $12 billion in total revenue, up from $3.7 billion last year, three people familiar with the matter said. This total revenue is different from an estimated annualized figure like Anthropic's. Reuters could not determine this metric for OpenAI. The two rivals appear to be establishing their own swim lanes. While both offer enterprise and consumer products, OpenAI is shaping up to be a consumer-oriented company, and the majority of its revenue comes from subscriptions to its ChatGPT chatbot, OpenAI Chief Financial Officer Sarah Friar told Bloomberg late last year. OpenAI has not reported enterprise-specific revenue but said in May that paying seats for its ChatGPT enterprise product have grown to 3 million, from 2 million in February, and that T-Mobile and Morgan Stanley are among its enterprise customers. In the consumer race, Anthropic's Claude has seen less adoption than OpenAI. Claude's traffic, a proxy for consumer interest, was about 2% of ChatGPT's in April, according to Web analytics firm Similarweb. Anthropic, founded in 2021 by a team that departed OpenAI over differences in vision, closed a $3.5 billion fundraise earlier this year. That valued the company at $61.4 billion. OpenAI is currently valued at $300 billion.

Amazon And Google Backed AI Startup Anthropic Reportedly Hits $3 Billion In Annualized Revenue -- Where's ChatGPT-Parent OpenAI At? - Alphabet (NASDAQ:GOOG), Amazon.com (NASDAQ:AMZN)

Anthropic, the artificial intelligence startup backed by Amazon.com, Inc. AMZN and Alphabet Inc.'s GOOG GOOGL Google, has reportedly reached a $3 billion annualized revenue run rate, just months after hitting $1 billion in December 2024. What Happened: The San Francisco-based company has seen an unprecedented growth surge, primarily driven by enterprise demand for its AI models, especially in code generation, reported Reuters, citing sources familiar with the matter. The figure surpassed $2 billion near the end of March and reached $3 billion by the end of May, according to one of the sources. See Also: Sundar Pichai Reveals Google-Parent Once Super Intensely Debated About Buying Netflix: 'In A World Of Butterfly Effects...' Anthropic's Claude chatbot has gained traction in the business world, even as it lags behind OpenAI's ChatGPT in consumer adoption. Web analytics data from Similarweb in April showed Claude's traffic at just 2% of ChatGPT's, the report added. Why It's Important: OpenAI, a rival to Anthropic, is projecting more than $12 billion in total revenue by the end of 2025, up from $3.7 billion last year, the report noted, citing three people familiar with the matter. Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox. "This total revenue is different from an estimated annualized figure like Anthropic's," the report said. The Sam Altman-led OpenAI hasn't disclosed enterprise-specific revenue, but in May, it reported that the number of paying seats for its ChatGPT Enterprise product had increased to 3 million, up from 2 million in February, the report said. Anthropic is currently valued at $61.5 billion following a $3.5 billion funding round. Amazon has a growth score of 97.11%, according to Benzinga Edge Stock Rankings. Click here to see how it compares to other companies such as Alphabet. Image via Shutterstock Check out more of Benzinga's Consumer Tech coverage by following this link. Read Next: Mark Zuckerberg Warns Of 'Serious Disadvantage' As China's Data-Center Blitz Could Let DeepSeek Leapfrog US AI Labs Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. AMZNAmazon.com Inc$204.58-0.54%Stock Score Locked: Edge Members Only Benzinga Rankings give you vital metrics on any stock - anytime. Unlock RankingsEdge RankingsMomentum70.29Growth97.11Quality68.14Value50.17Price TrendShortMediumLongOverviewGOOGAlphabet Inc$172.30-0.38%GOOGLAlphabet Inc$171.19-0.39%Market News and Data brought to you by Benzinga APIs

Exclusive-Anthropic hits $3 billion in annualized revenue on business demand for AI

SAN FRANCISCO (Reuters) -Artificial intelligence developer Anthropic is making about $3 billion in annualized revenue, according to two sources familiar with the matter, in an early validation of generative AI use in the business world. The milestone, which projects the company's current sales over the course of a year, is a significant jump from December 2024 when the metric was nearly $1 billion, the sources said. The figure crossed $2 billion around the end of March, and at May's end it hit $3 billion, one of the sources said. While consumers have embraced rival OpenAI's ChatGPT, a number of enterprises have limited their rollouts to experimentation, despite board-level interest in AI. Anthropic's revenue surge, largely from selling AI models as a service to other companies, is a data point showing how business demand is growing, one of the sources said. A key driver is code generation. The San Francisco-based startup, backed by Google parent Alphabet and Amazon.com, is famous for AI that excels at computer programming. Products in the so-called codegen space have experienced major growth and adoption in recent months, often drawing on Anthropic's models. This demand is setting Anthropic apart among software-as-a-service vendors. Its single-quarter revenue increases would count Anthropic as the fastest-growing SaaS company that at least one venture capitalist has ever seen. "We've looked at the IPOs of over 200 public software companies, and this growth rate has never happened," said Meritech General Partner Alex Clayton, who is not an Anthropic investor and has no inside knowledge of its sales. He cautioned that these comparisons are not fully precise, since Anthropic also has consumer revenue via subscriptions to its Claude chatbot. Still, by contrast, publicly traded SaaS company Snowflake took six quarters to go from $1 billion to $2 billion in such run-rate revenue, Clayton said. Anthropic competitor OpenAI has projected it will end 2025 with more than $12 billion in total revenue, up from $3.7 billion last year, three people familiar with the matter said. This total revenue is different from an estimated annualized figure like Anthropic's. Reuters could not determine this metric for OpenAI. The two rivals appear to be establishing their own swim lanes. While both offer enterprise and consumer products, OpenAI is shaping up to be a consumer-oriented company, and the majority of its revenue comes from subscriptions to its ChatGPT chatbot, OpenAI Chief Financial Officer Sarah Friar told Bloomberg late last year. OpenAI has not reported enterprise-specific revenue but said in May that paying seats for its ChatGPT enterprise product have grown to 3 million, from 2 million in February, and that T-Mobile and Morgan Stanley are among its enterprise customers. In the consumer race, Anthropic's Claude has seen less adoption than OpenAI. Claude's traffic, a proxy for consumer interest, was about 2% of ChatGPT's in April, according to Web analytics firm Similarweb. Anthropic, founded in 2021 by a team that departed OpenAI over differences in vision, closed a $3.5 billion fundraise earlier this year. That valued the company at $61.4 billion. OpenAI is currently valued at $300 billion. (Reporting by Anna Tong and Jeffrey Dastin in San Francisco; Additional reporting by Kenrick Cai in San Francisco and Krystal Hu in New York; Editing by Kenneth Li and Matthew Lewis)