Anthropic Anticipates $70 Billion Revenue by 2028 Amid Rapid Growth
Anthropic, a leader in artificial intelligence, is forecasting an impressive revenue surge, predicting as much as $70 billion in total revenues and $17 billion in cash flow by 2028, according to a report from The Information. This growth is primarily driven by the swift adoption of Anthropic’s business products, as revealed by sources familiar with the company’s financial outlook.
Recent analysis from Reuters indicates that Anthropic is on track to more than double, and potentially nearly triple, its annual revenue run rate in the coming year. The company aims to achieve an annual recurring revenue (ARR) of $9 billion by the end of 2025, with ambitious targets of $20 billion to $26 billion ARR set for 2026.
This year, the company expects to generate $3.8 billion through API sales of its AI models, significantly outpacing OpenAI, which anticipates $1.8 billion in similar revenue. Notably, the Claude Code model is projected to bring in nearly $1 billion in annualized revenue, a substantial increase from approximately $400 million in July.
Key Partnerships and Innovations
Anthropic’s aggressive business-to-business (B2B) strategy has gained momentum recently. Collaborations with Microsoft allow for the integration of its AI models into Microsoft 365 applications and Copilot. Additionally, Anthropic has enhanced its partnership with Salesforce and plans to implement its Claude AI assistant among vast employee networks at companies like Deloitte and Cognizant.
Recent product launches include the smaller, cost-effective Claude Sonnet 4.5 and Claude Haiku 4.5 models, which cater to businesses seeking to deploy AI at scale. The company has also expanded Claude for Financial Services and introduced an Enterprise Search function, which connects various internal work applications to Claude.
Financial Outlook and Market Position
With a robust growth trajectory, Anthropic may look to raise further funds, having last secured $13 billion in a September funding round that valued the company at $170 billion. Future fundraising efforts may target a valuation between $300 billion and $400 billion.
The report also projects a cash flow of $17 billion in 2028, an important indicator of financial health, even though cash flow does not equate to profit. Anthropic’s liabilities include a $2.5 billion credit facility and a $1.5 billion settlement from an ongoing copyright lawsuit involving a group of authors.
Improved gross profit margins are also on the horizon for Anthropic, expected to reach 50% this year and 77% by 2028, a marked improvement from a -94% margin last year.
In the competitive landscape, OpenAI remains a significant rival, recently valued at $500 billion and also pursuing a B2B strategy. OpenAI forecasts $13 billion in revenue this year and aims for $100 billion by 2027, yet it faces projected cash losses amounting to $14 billion by 2026, escalating to $115 billion through 2029 as it increases infrastructure investments.
In summary, Anthropic’s ambitious projections for revenue growth and strategic partnerships reflect its commitment to becoming a dominant player in the AI landscape as it navigates the complexities of an evolving market.
