Report says Anthropic annualized revenue run rate passed $65B

In short: A report says Anthropic’s annualized revenue run rate rose past $65 billion by the end of July.

What's going on

Anthropic, the company behind the Claude AI chatbot, has seen a sharp jump in a key revenue measure, according to Bloomberg, as reported by TechCrunch. The figure is an “annualized revenue run rate,” which is an estimate of what a full year of revenue would look like based on a recent shorter period (like looking at one busy month and guessing what 12 similar months would add up to).

TechCrunch reported that Anthropic’s run rate passed $65 billion at the end of July. That is up from $47 billion in May and about $9 billion at the end of last year. The additional context included in the report says the company added about $18 billion in annualized revenue in two months.

Investors expect Anthropic to keep growing at roughly the same pace and finish 2026 between $100 billion and $120 billion in annualized revenue, according to the Financial Times. TechCrunch also noted that rival OpenAI’s revenue run rate reportedly rose to $40 billion, up from $20 billion at the end of 2025, though the two companies may calculate these figures differently.

What to watch

Both Anthropic and OpenAI have filed confidential paperwork to go public, meaning they could sell shares on the stock market. Anthropic is expected to reach the market first, possibly as soon as this fall, and it may seek a valuation of $2 trillion or more, the Financial Times reported.

Source: TechCrunch AI