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.
Summary
- 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.