Anthropic, an artificial intelligence startup, is eyeing a significant revenue surge, with projections indicating a potential annualized revenue exceeding $850 million by the close of 2024, as per a report from the Information citing insiders familiar with the company’s financial outlook.
Just three months earlier, Anthropic had informed select investors of its revenue stream clocking in at an annualized rate of $100 million. Their forecast then anticipated a climb to $500 million by the end of 2024, as detailed in the report.
The company, supported by tech giants Amazon.com and Alphabet’s Google, is among a cohort pioneering generative AI systems capable of crafting human-like responses and content.
Founded by former executives from Microsoft-backed competitor OpenAI, Dario and Daniela Amodei, Anthropic’s Claude AI models have been competing for attention in the domain alongside OpenAI’s renowned GPT series.
Insiders familiar with Anthropic’s trajectory speculate that the company might breach the $1 billion mark in annualized revenue within the next year, equating to an estimated $83 million in monthly revenue, according to the Information report.
Additionally, Anthropic is actively engaged in talks to secure a substantial $750 million funding round, reportedly spearheaded by Menlo Ventures, according to a Reuters source privy to the matter disclosed last week.
Recent developments outline Google and Amazon’s commitments to invest up to $2 billion and $4 billion, respectively, in Anthropic, signaling a strong vote of confidence in the company’s potential.