Anthropic Projects At Least $850 Million in Annualized Revenue Rate Next Year

Anthropic, an OpenAI rival backed by Amazon and Google, has projected it will generate more than $850 million in annualized revenue by the end of 2024, according to two people with knowledge of its financial picture. Just three months ago, Anthropic told some investors it was generating revenue at a $100 million annualized rate and expected that figure would reach $500 million by the end of 2024. It isn’t clear why the latest projections are materially higher.

The projection underscores …

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