Anthropic Projects At Least $850 Million in Annualized Revenue Rate Next Year
Dec 27, 2023 - theinformation.com
Anthropic, an AI company backed by Amazon and Google, is projected to generate over $850 million in annualized revenue by the end of 2024, according to insiders. This is a significant increase from three months ago when the company was generating revenue at a $100 million annualized rate and expected to reach $500 million by the end of 2024.
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.
