OpenAI Fights Back in AI Competition as Revenue Hits $40B, Anthropic Maintains Lead at $47B
15 Sources
[1]
OpenAI is gaining on Anthropic with business users, new data indicates
Until both OpenAI and Anthropic get close enough to their planned IPOs to release their financials, we have to look to other sources for signs of how well their businesses are doing. One of those sources, Ramp, the corporate credit card and expense management company, has just released some
[2]
OpenAI seeks to one-up Anthropic with new customer privacy protections
As AI models have become more powerful, the potential for those models to be misused has grown -- as has a clamor for safety guardrails that can stop such abuse from happening. AI companies must now walk a delicate tight rope between respecting their enterprise customers' privacy while also
[3]
Stock winners and losers as Anthropic passes OpenAI as hottest AI upstart
Anthropic is pulling ahead of OpenAI in the frontier model race, laying the foundations for a new hierarchy of dominance within the rapidly developing artificial intelligence sector. From the first to the second quarter, Anthropic more than doubled its revenue while OpenAI's increased by just 18%,
[4]
Anthropic's revenue passed OpenAI's last quarter
OpenAI told investors its revenue grew 18% to $6.7bn last quarter while its operating loss widened to $12.3bn, according to The Wall Street Journal, disappointing shareholders. Anthropic more than doubled its revenue to $11.6bn over the same period, passing OpenAI for the first time, and turned a
[5]
OpenAI annualized revenue tops $40 billion ahead of IPO
OpenAI is headed toward annualized revenue exceeding $40 billion, a figure that would represent roughly twice the run rate it recorded at the close of 2025, Bloomberg reported, citing people with knowledge of the matter who requested anonymity. The acceleration comes as the company prepares for a
[6]
OpenAI falls further behind Anthropic, with disappointing revenue growth and mounting losses
OpenAI falls further behind Anthropic, with disappointing revenue growth and mounting losses OpenAI Group PBC is falling further behind its rival Anthropic PBC, if its latest financials are any indication. The artificial intelligence model maker told investors that its revenue rose 18% on a
[7]
Anthropic's Revenue Has Soared. Is It Enough for Investors?
Get personalized, AI-powered answers built on 27+ years of trusted expertise. Anthropic's sales have been on a tear. The AI startup's annualized revenue run rate reached $65 billion at the end of July, Bloomberg reported yesterday, up from $9 billion at the end of 2025. That's big growth, though
[8]
OpenAI's annualised revenue tops $40 billion ahead of IPO
OpenAI is poised to surpass $40 billion in annual revenue, propelling its ambitions for a public offering in the near future, accroding to a report by Bloomberg. The ChatGPT maker's revenue has accelerated in recent months, driven in part by the growth of its AI coding software, said the
[9]
OpenAI Revenue Run Rate Tops $40 Billion Ahead Of IPO - Microsoft (NASDAQ:MSFT)
OpenAI's annualized revenue has topped $40 billion, roughly double its level at the end of 2025, with President Greg Brockman saying the run rate jumped more than 20% in July alone. The surge comes just as the price of AI is falling. Prices for leading U.S. models have dropped by almost a quarter
[10]
Anthropic Beats OpenAI in Revenue for First Time | PYMNTS.com
OpenAI told investors that its revenue grew by 18% in the second quarter, compared to the first, while its losses deepened. The company's second quarter revenue reached $6.7 billion, the report said, citing people familiar with the matter. OpenAI did not immediately reply to PYMNTS' request for
[11]
OpenAI's New Customer Privacy Protection Gives It a Leg-up Over Anthropic
The ChatGPT-maker has launched a new service that helps OpenAI detect malicious use of AI over multiple sessions such as a cyberattack incident At a time when OpenAI appears to be losing the revenue battle against arch rival Anthropic, Sam Altman has evolved a new strategy of taking the moral high
[12]
OpenAI's Revenue Run Rate Tops $40 Billion as IPO Nears | PYMNTS.com
The OpenAI $40 billion revenue run-rate figure comes from a Bloomberg report published Aug. 13, which cited people familiar with the company's performance who spoke on condition of anonymity. According to Bloomberg, the acceleration was driven in part by growth in OpenAI's AI coding software, along
[13]
Anthropic's earnings overtake OpenAI's for the first time: 'revenue engine'
Anthropic has reportedly overtaken OpenAI in quarterly sales for the first time -- a stunning reversal for the ChatGPT maker in its bitter rivalry with the startup founded by a group of its former employees. Anthropic more than doubled its revenue to $11.6 billion during its second quarter and
[14]
OpenAI's Q2 revenue growth lagged Anthropic as losses deepened, WSJ reports By Investing.com
Investing.com -- OpenAI's revenue grew 18% in the second quarter, but losses widened further as the ChatGPT maker struggled to match the pace of rival Anthropic, The Wall Street Journal reported, citing people familiar with the company's results. OpenAI told investors that revenue reached $6.7
[15]
OpenAI revenue run rate tops $40 billion, Bloomberg reports By Investing.com
Investing.com -- OpenAI's annualized revenue run rate has surpassed $40 billion, roughly doubling its pace from late 2025 as the artificial intelligence pioneer builds momentum ahead of an expected initial public offering, according to a Thursday Bloomberg report. The rapid acceleration reflects
Share
Copy Link
The AI competition between OpenAI and Anthropic intensifies as new data reveals OpenAI's annualized revenue exceeds $40 billion with 20% month-over-month growth in July. Despite Anthropic's $47 billion revenue lead and 44% market share among business users, OpenAI is gaining ground through new privacy features and enterprise products.
OpenAI Accelerates Revenue Growth Despite Trailing Anthropic
OpenAI has achieved annualized revenue exceeding $40 billion, representing roughly twice the run rate it recorded at the close of 2025, according to recent reports
5
. The acceleration marks a significant milestone for the AI competition as both OpenAI and Anthropic prepare for their respective IPOs. Co-founder and President Greg Brockman announced internally that the company's annual revenue run rate grew more than 20% month-over-month in July, driven by rising demand for AI coding products, subscription growth, and early advertising revenue streams5
.Despite this momentum, Anthropic maintains a commanding lead with $47 billion in annualized revenue disclosed in May
5
. The gap widened during Q2, when Anthropic more than doubled its revenue to $11.6 billion while OpenAI's grew just 18% to $6.7 billion3
4
. OpenAI's operating loss also widened from $9.3 billion to $12.3 billion during the same period, meaning losses grew by $3 billion while revenue added only $1 billion4
.
Source: The Next Web
Shifting Market Share Among Business Users
New data from Ramp, the corporate credit card and expense management company, reveals volatile AI market share dynamics among over 70,000 American businesses spending billions through its platform
1
. Anthropic captured the lead among Ramp's paying business users in May with 41% market share to OpenAI's 39%, and has maintained that advantage through July with nearly 44% compared to OpenAI's nearly 40%1
.However, Ramp economist Ara Kharazian notes that OpenAI is currently growing faster among this segment in Q3 to date than Anthropic
1
. The data shows businesses are willing to switch between providers as each lab releases new models, volatility that raises questions about how sticky enterprise AI spending really is. The percentage of companies paying for AI among Ramp customers has been steadily climbing, topping 50% in March and reaching nearly 56% by July1
.OpenAI Introduces Private Safety Processing to Counter Anthropic
Sensing an opportunity to differentiate itself, OpenAI announced Private Safety Processing, a privacy-centric safety approach to monitoring for misuse that retains none of the customer's data
2
. This automated system watches for potential abuse while simultaneously protecting customer privacy, directly countering Anthropic's recently announced 30-day data retention policy for covered models including all Mythos-class models and Fable2
.
Source: CXOToday
The new AI safety feature widens the scope of Zero Data Retention by providing long-horizon safety monitoring that assesses inputs and outputs across multiple conversations rather than single sessions
2
. This helps detect malicious use of AI that takes place over multiple sessions without human review of user conversations. When triggered, the system sends a narrowly defined signal to OpenAI warning of specific activity, allowing the company to reach out to customers for context while letting them choose whether to share data2
.Product Strategy Drives Recent Momentum
OpenAI attributes its revenue surge to several strategic factors. Chief Financial Officer Sarah Friar told investors that most of the company's revenue now comes from business users, with business customer revenue growing 32% in July from the month before
4
. Three products are driving this momentum: the GPT-5.6 model series, ChatGPT Work, and Codex5
. Kharazian noted that GPT-5.6 Sol is increasingly the choice for developers1
.By contrast, Fable 5 disappointed in both adoption and real-world application given price and data retention requirements imposed by regulators
1
. OpenAI has also lowered pricing on select models to fight for budget-sensitive customers in a crowded AI sector that includes Anthropic and numerous Chinese competitors5
.Related Stories
Leadership Changes and IPO Preparations
OpenAI named Dali Rajic as its new chief revenue officer, replacing Denise Dresser who is leaving after less than a year
5
4
. Rajic most recently served as president and chief operating officer of cybersecurity firm Wiz. The leadership change follows the departure of former chief operating officer Brad Lightcap and Fidji Simo, once seen as a possible successor to CEO Sam Altman4
.Both companies are racing toward IPOs with vastly different financial profiles. OpenAI submitted a confidential IPO prospectus to the Securities and Exchange Commission in June after posting a net loss of $38.5 billion in 2025 on $13.07 billion in revenue
5
. Anthropic could go public as soon as this autumn with investors targeting a $2 trillion valuation, while OpenAI is likely to follow next year4
.
Source: PYMNTS
Implications for Tech Partners and Suppliers
The shifting dynamics in the AI competition have consequences for partner companies. Paul Meeks, head of technology research at Freedom Capital Markets, noted that Anthropic's partners like HUT potentially win while OpenAI's potentially lose, with Oracle being the most threatened as its remaining performance obligations are dominated by OpenAI
3
. Since late April, Oracle stock is down about 12%, CoreWeave is down about 17%, and Broadcom is down about 13%3
.Since Anthropic gets most of its compute from Google and Amazon on Trainium chips and TPUs rather than Nvidia chips, this feeds into a different ecosystem including Broadcom, according to Gil Luria, head of technology research at DA Davidson
3
. However, analysts believe OpenAI remains solidly stitched into the fabric of the AI buildout, with Yi Fu Lee of Benchmark noting that at the end of the day, the models are interchangeable3
.References
Summarized by
Navi
[4]
Related Stories
Anthropic overtakes OpenAI in business customers for first time, Ramp data reveals
14 May 2026•Business and Economy
Sam Altman accuses Anthropic of fear-based marketing over Claude Mythos cybersecurity model
22 Apr 2026•Technology
OpenAI takes aim at Anthropic in leaked memo, pivots to Amazon as Microsoft partnership strains
13 Apr 2026•Business and Economy
Recent Highlights
1
AI Hallucination Nearly Sparked US Military Confrontation With Chinese Ship in Middle East
Technology
2
OpenAI AI Agent Hacks Australian Government Healthcare Website in First-of-Its-Kind Breach
Technology
3
AI leaders warn UN Security Council of existential risks to humanity, call for global safeguards
Policy and Regulation
Recent Highlights
Today's Top Stories
Don’t drown in AI news. We cut through the noise - filtering, ranking and summarizing the most important AI news, breakthroughs and research daily. Follow topics that matter to you and stay ahead.
