This projection highlights the rapid growth expectations for the three-year-old startup and suggests that generative artificial intelligence is becoming increasingly popular among businesses. The reason for the substantial increase in the latest projections is unclear.
Key takeaways:
- Anthropic, an OpenAI rival backed by Amazon and Google, projects to generate over $850 million in annualized revenue by the end of 2024.
- Just three months ago, the company was generating revenue at a $100 million annualized rate and expected to reach $500 million by the end of 2024.
- The reason for the significant increase in the latest projections is unclear.
- The company's growth expectations underscore the increasing interest in generative artificial intelligence among enterprises.