Anthropic Eyes $34.5 Billion Revenue Surge Amid AI Competition
Yahoo Finance
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Contributed by: Bill Russell
Summary
Anthropic, an AI startup, projects that its revenue could reach $34.5 billion by 2027, driven by its efforts to compete with Microsoft-backed OpenAI. In a conservative estimate, the company anticipates revenue of $12 billion, up from a projected $2.2 billion in 2025. To achieve financial sustainability, Anthropic plans to cut its cash burn from $5.6 billion to $3 billion this year and aims for profitability by 2027. The company generates income by selling access to its AI models directly and via third-party services like Amazon Web Services. The competitive environment for AI startups has intensified following OpenAI's ChatGPT launch in late 2022, leading to a significant influx of venture capital in the sector.
