Greetings,
The AI race has a new set of jaw-dropping numbers. This week, we got a detailed look at Anthropic's internal projections, and they reveal a company positioning itself as an incredibly efficient, high-growth competitor to OpenAI. The scale of their ambition is now clearly defined, as is their strategy to get there.
Why it caught my eye:
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Revenue Hikes: Anthropic has hiked its most optimistic three-year growth forecasts, projecting as much as $70 billion in revenue by 2028. This year alone, their most optimistic revenue forecast is $4.7 billion, up about 26% from a March projection.
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The Cash Flow Game-Changer: Unlike its larger rival, Anthropic projects becoming cash flow positive as soon as 2027, generating as much as $17 billion in 2028. This timeline is significantly shorter than OpenAI’s projection of generating cash by 2030.
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Business-First Focus: The core of their strategy is on the enterprise. Anthropic believes its API and related apps, which sell access to its AI models, will generate more than 80% of its revenue through 2028. This focus on business customers is driving their growth, with their coding assistant, Claude Code, nearing $1 billion in annualized revenue.
This is one of those articles that truly resets your understanding of the scale and speed of the AI market. Sri Muppidi broke this news, and you can read the full details here.
Best,
Jessica Lessin
Founder & Editor-in-Chief
Anthropic this summer hiked its most optimistic growth forecasts by roughly 13% to 28% over the next three years and projected generating as much as $70 billion in revenue in 2028, up from close to $5 billion this year, according to a person with knowledge of the company’s financials.
The company expects demand from businesses for its AI models to drive that growth. Anthropic projected that its 2025 revenue from selling access to these models through an application programming interface will be roughly double the revenue its bigger rival OpenAI generates from API sales.
