Anthropic hits $65B run rate, seeking $2T IPO
anthropic's annualized revenue hit $65b, dwarfing openai's $40b growth. this explosive sprint toward a record $2t ipo signals a massive market consolidation.
anthropic reported an annualized revenue run rate of $65b at the end of july, up from $47b in may and $9b at the end of last year, with projections reaching $120b by year-end. this figure significantly surpasses openai, which doubled its revenue to $20b in 2025 and sits at a $40b run rate. anthropic has filed for an ipo and is seeking a valuation of $2t or more, aiming to debut before openai this fall. the astronomical valuation targets and widening revenue gap indicate the ai infrastructure market is rewarding anthropic's safety-first approach and aggressive enterprise uptake.