Anthropic Cites $65 Billion Revenue Pace Ahead of Planned IPO
Bloomberg’s Shirin Ghaffary reports that Anthropic’s annualized revenue run rate reached $65 billion at the end of July, rising from $47 billion in May as the AI company prepares for a planned fall IPO. She argues that the figure gives Anthropic a larger headline revenue pace than OpenAI’s recently reported $40 billion projection, while cautioning that the companies do not measure revenue in the same way. For investors, the question is whether Anthropic can sustain that growth once it enters public markets.
Anthropic’s $65 billion figure puts the IPO focus on whether growth can hold
Shirin Ghaffary says Anthropic’s annualized revenue run rate reached $65 billion at the end of July, up from $47 billion in May. The $18 billion increase represents roughly 38% growth in the implied annual pace over about two months.
The measure is a run rate: an annualized projection based on the company’s current revenue pace, rather than revenue recorded across a completed year. The change from May to July points to a sharp acceleration in that pace as Anthropic prepares for a planned fall IPO.
That timing gives the number its importance. Ghaffary says investors are watching not only the scale of revenue at leading AI companies, but also how much growth continues and at what pace as they approach public offerings. A large run-rate figure can establish momentum; the IPO test is whether that momentum proves durable.
The market is watching closely to see how much revenue growth is going to continue, at what pace for these leading AI companies going into their public offering.
Ghaffary characterizes Anthropic’s progress over the past year as growth at “rocket speed,” alongside a rise in its private-market valuation. Bloomberg’s on-screen chart, attributed to Bloomberg News reporting and public statements, traces a steep upward path in Anthropic’s revenue run rate across the preceding 12 months, approaching $70 billion by July.
Ed Ludlow notes that the earlier $47 billion May figure had coincided with gains in AI stocks, as investors took a broader read-through from Anthropic’s momentum. The updated $65 billion number did not produce the same sector-wide move on the day of the discussion. The reaction underscores that a larger company-specific figure does not necessarily prompt another broad repricing of AI stocks.
Anthropic has the larger headline figure, but not a standardized lead
Ludlow frames Anthropic’s momentum against OpenAI on revenue, usage, and subscriber base. The figures discussed provide a revenue comparison, but not comparable usage or subscriber totals.
Shirin Ghaffary says Bloomberg had reported the previous week that OpenAI had recently reached a $40 billion annualized revenue projection. Set against Anthropic’s cited $65 billion run rate, Anthropic is now citing the larger annualized figure.
| Company | Reported annualized revenue figure | Timing stated |
|---|---|---|
| Anthropic | $65 billion | End of July |
| Anthropic | $47 billion | May |
| OpenAI | $40 billion | Recently reported the prior week |
Ghaffary’s qualification is central: Anthropic and OpenAI do not measure revenue in exactly the same way. The comparison therefore indicates the relative scale of each company’s cited annualized pace, not a clean ranking of standardized financial results.
That distinction matters especially as investors assess companies heading toward public markets. Ghaffary says public financials would provide more detail on how each company counts revenue. Until then, Anthropic’s $65 billion figure is a notable signal of momentum and scale, while the gap with OpenAI’s $40 billion projection remains qualified by differences in measurement.