Anthropic tells investors annualized revenue run rate climbed to $65 billion in July
AI company Anthropic's annualized revenue run rate reached $65 billion at the end of July, a sevenfold increase from a year prior. The company also reported $11.5 billion in quarterly revenue, growing 14x year-over-year, and was profitable on an EBITDA basis.
These financial metrics provide an important glimpse into Anthropic's performance ahead of its anticipated IPO, which is reportedly set for October, and suggest it is outpacing competitor OpenAI in revenue growth.
The segment also covers OpenAI's latest revenue run rate and its less immediate IPO timeline, as well as the competitive landscape and pricing pressures facing AI models.
