Anthropic Revenue Run Rate Hits $65B

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- Anthropic's annualized revenue run rate has reached $65 billion, according to TechCrunch and Bloomberg headlines.
- Reuters reports Anthropic's IPO valuation hinges on a $190–200 billion 2028 revenue forecast, while financial outlets note investors are betting on a $2 trillion valuation in a record IPO.
Why it matters: Anthropic's $65B annualized run rate would need to nearly triple to $190–200B by 2028 to justify the $2T valuation investors are targeting. The 'revenue surges' framing across coverage buries the gap between current trajectory and the forecast the IPO actually depends on.
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