Anthropic tells investors annualized revenue run rate climbed to $65 billion in July

JUST IN: Anthropic tells investors its annualized revenue run rate climbed to $65 billion in July, a sevenfold increase from a year earlier, as it gears up for an expected blockbuster IPO.

Anthropic just told investors it's making money at a sixty five billion dollar a year pace. Sevenfold in twelve months.

The Claude maker shared the figure over the weekend, alongside a second quarter revenue number of eleven and a half billion, fourteen times what it did a year earlier. For scale, all of last year brought in about ten billion total. Rival OpenAI's run rate just hit forty billion, which means Anthropic is now outselling the company that started this whole race.

All of it is warm-up for an IPO they've already confidentially filed, and you can see the early investor meetings taking shape here.

The number they're really defending is the valuation, nine hundred and sixty five billion dollars. And remember, in June the government made them switch off their two best models for two weeks over export controls. A near trillion dollar company whose flagship product can be unplugged by Washington. That's the line worth reading twice.

This is Sara White, reporting for HIT.

Source Read the original reporting at cnbc.com