The AI startup Anthropic is projecting a massive surge in its revenue, a clear sign of the booming demand for generative AI tools among businesses. According to people familiar with the matter, the company is on track to hit an annualized revenue of $9 billion by the end of this year. And for 2026, it’s aiming for an even more aggressive target of $20 billion.
This incredible growth trajectory puts Anthropic in the same league as its main rival, OpenAI, the company behind ChatGPT. It also helps to explain why investors are pouring billions into the AI space, even as some worry that the level of spending might not be sustainable.
So where is all this money coming from? Anthropic says about 80% of its revenue comes from its enterprise products, which are designed for businesses. The company has over 300,000 business customers who are using its AI models, known as the Claude family, for a wide range of tasks. One of its most popular products is a code-generating tool that has already reached an annualized revenue of nearly $1 billion since it launched earlier this year.
To keep the momentum going, Anthropic just released a new, cheaper version of its AI model called Haiku, which is designed to appeal to companies that don’t need the most powerful and expensive models.
The company has been on a fundraising tear, recently hitting a valuation of $183 billion. Backed by tech giants like Google and Amazon, Anthropic is expanding rapidly, opening a new office in India and beefing up its sales to governments.
