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HomeArtificial IntelligenceBy The End Of 2024, Anthropic Anticipates An Annualized Revenue Rate Of...

By The End Of 2024, Anthropic Anticipates An Annualized Revenue Rate Of Over $850 Million

According to the report, the company informed certain investors three months prior that it was turning a profit at a yearly rate of $100 million and predicted that amount would rise to $500 million by the end of 2024.

Anthropic is one of many businesses developing generative AI systems that can produce content and responses that resemble those of people. These businesses are supported by Alphabet’s Google and Amazon.com.

Siblings Dario and Daniela Amodei, as well as former executives from Microsoft-backed rival OpenAI, co-founded it. Its Claude AI models have competed with OpenAI’s GPT series for prominence.

According to those with knowledge of the business, Anthropic may generate $1 billion in annualized revenue or $83 million in revenue each month by the end of the year.

According to a source with firsthand knowledge of the situation who spoke with Reuters last week, the company is also in talks to seek $750 million in a financing round headed by Menlo Ventures.

Google and Amazon have committed to investing up to $2 billion and $4 billion, respectively, in the company in the last several months.

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