Anthropic Eyes Over $850M Revenue By 2024

Key Takeaway

Anthropic, an AI startup co-founded by former OpenAI executives, expects to generate over $850 million in annual revenue by end of 2024, signaling rapid growth.


  • Anthropic is an artificial intelligence startup co-founded by former Microsoft-backed OpenAI executives Dario and Daniela Amodei.
  • The company told investors earlier it expects $100 million in annualized revenue rate currently, growing to $500 million by end 2024.
  • Now the company expects over $850 million annualized revenue rate by end 2024.
  • Some close to the company believe it could hit $1 billion annualized revenue in 2023.
  • Anthropic is backed by Google, which invested $500 million, and Amazon, which will invest up to $4 billion.
  • The companies are collaborating on generative AI.
  • Anthropic is reportedly raising $750 million more, led by Menlo Ventures, at a valuation that may exceed $18 billion.


Related post

AI Ethics

AI Policy in 2024

The evolving landscape of AI regulation. In 2023, significant developments occurred in AI policy, setting a precedent for the upcoming year. Key areas include the U.S. government's approach to AI regulation, challenges in addressing AI-related harms and risks, the role of AI in global technological competition, and the impact of…


Embracing AI: Small and Midsize Businesses Optimistic for 2024 

Small and midsize businesses are increasingly optimistic about their economic prospects for 2024, with a decreased expectation of a recession. A notable shift is the growing inclination to adopt Artificial Intelligence (AI) in various business operations, reflecting a positive outlook and resilience despite past economic uncertainties and challenges. READ MORE