Anthropic targets $26 billion revenue by 2026 on strong AI demand
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AI startup Anthropic is forecasting its revenue to surge, targeting to nearly triple its annualized revenue to as much as $26 billion by 2026, amid growing demand for AI, sources familiar with the matter. The San Francisco-based AI startup is currently enjoying a rapid adoption of its products by enterprise customers, fuelling the ambitious revenue projections, as per sources cited by Reuters. Apart from strong AI demand, the projections are also reflective of the growing investor confidence and growth in the generative AI sector, even as spending especially in infrastructure buildout comes under scrutiny. Anthropic eyes rapid expansion supported by enterprise customers Anthropic is currently on course to meet its internal goal of $9 billion annual revenue run rate by end of this year, according to the two sources who requested to remain anonymous to discuss private financial matters. The sources further revealed that for this year, the company has set a base target of more than doubling its revenue to $20 billion, with a best case reaching as much as $26 billion. While Anthropic declined to comment of the projections, the company confirmed to Reuters that its current annual revenue run rate is approaching $7 billion this month, a significant increase from the $5 billion it reported in August. Anthropic, which is also a top rival for OpenAI, the ChatGPT maker, was recently valued at $183 billion after raising $13 billion in a series F funding round led by ICONIQ. The AI startup on Wednesday launched a new version of its cheapest AI model, Haiku as part of a broader effort to appeal to companies that are looking for capable AI systems that are cheaper than its more advanced models. The latest model – Haiku 4.5 reportedly sells for about one third the price of Sonnet 4, one of…
