Anthropic's growth trajectory is accelerating at remarkable speed. By the end of July, the company's annualized revenue run rate had climbed past $65 billion, up from $47 billion in May and just $9 billion at the close of last year.
Investor expectations remain high, with projections pointing to a year-end 2026 range of roughly $100 billion to $120 billion. The pace places Anthropic among the most closely watched players in the AI sector as demand for advanced model development continues to expand.
OpenAI, another leading name in the field, recently reported a revenue run rate of $40 billion. While the two companies may use different methods to calculate these figures, Anthropic's rapid climb has drawn especially strong market attention.
Both firms have reportedly filed confidential IPO paperwork, and Anthropic could reach public markets first, potentially as early as this fall. The company is said to be aiming for a valuation above $2 trillion, which would mark a historic debut if achieved.
Anthropic was last valued at $965 billion after its $65 billion funding round in late May. The company's momentum reflects how quickly AI infrastructure is becoming one of the defining engines of the digital economy, shaping the next phase of innovation.