OpenAI and Anthropic Annual Revenue Reaches $105 Billion

Epoch AI has reported that the revenue growth rates of OpenAI and Anthropic have reached or exceeded the rare levels seen among similarly sized technology companies in history. Over the past year, OpenAI's annualized revenue run rate increased from $13 billion to over $40 billion, achieving nearly a threefold growth; Anthropic's revenue is projected to rise from $1 billion in 2025 to $9 billion, with the growth rate accelerating further in the first quarter of 2026, reaching an annualized run rate of over three times, totaling $65 billion by the end of July. Combined, the revenues of the two companies are expected to grow approximately threefold in 2024, over fourfold in 2025, and from $30 billion to $105 billion by August 2026, achieving about 3.5 times growth. Analysts point out that maintaining over 100% annual growth at a scale exceeding $1 billion is extremely rare, with the growth rate for 2025 already being record-breaking and further accelerating in 2026 from a higher base. Currently, the overall market for generative AI has an annualized revenue close to $200 billion, with the two companies accounting for about half. The sustained hyper-growth may stem from a combination of capability advancements and diffusion, and future trends will depend on whether growth comes more from ongoing technological progress or application diffusion; if the growth rate is maintained, it could significantly impact economic scale, but it may also slow down as the market matures.

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