Anthropic tells investors annualized revenue run rate climbed to $65 billion in July
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- Anthropic told investors its annualized revenue run rate hit $65 billion at the end of July, a sevenfold increase from a year ago, per two unnamed sources familiar with the matter
- The same investor update included a preliminary Q2 revenue figure of $11.5 billion — a 14-fold year-over-year jump
- The Claude creator confidentially filed its IPO prospectus with the SEC in June and has been holding preliminary meetings with investors, though it has not set a debut timeline
- OpenAI's annualized revenue run rate recently hit $40 billion, per CNBC's reporting last week — leaving the chief rival roughly $25 billion behind Anthropic
- Bloomberg first reported the $65 billion figure; CNBC confirmed it Monday citing two sources who asked not to be named because the details are confidential
Why it matters: Anthropic's $65 billion annualized run rate now exceeds OpenAI's $40 billion, putting the Claude creator ahead of its chief rival on this metric for the first time. With Q2 revenue up 14x year-over-year and confidential IPO paperwork already at the SEC, Anthropic's public-market debut will be benchmarked directly against OpenAI's own path to the public markets.
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