Anthropic forecasts more than $850 million in annualised revenue rate by 2024-end: report

Artificial intelligence startup Anthropic has projected it will generate more than $850 million in annualised revenue by the end of 2024, tech publication The Information reported on Tuesday, citing two people with knowledge of the company’s financial picture. Three months ago, the company told some investors it was generating revenue at a $100 million annualised rate and expected that figure would reach $500 million by the end of 2024, according to the report. Backed by Amazon and Alphabet’s Google, Anthropic is one of a series of companies building generative AI systems that can create human-like responses and content.

Advt It was cofounded by former executives at Microsoft-backed rival OpenAI and siblings Dario and Daniela Amodei. Its Claude AI models have vied for prominence with OpenAI’s GPT series. Some people close to the company believe Anthropic could reach $1 billion in annualized revenue next year, or $83 million in revenue per month, the Information reported.

The company is also in discussions to raise $750 million in a funding round led by Menlo Ventures, a source with direct knowledge of the matter told Reuters last week. In the past few months, Google and Amazon agreed to invest up to $2 billion and $4 billion, respectively, in the company. Reuters Published On Dec 27, 2023 at 07:24 AM IST Telegram Facebook Copy Link Be the first one to comment.

Comment Now COMMENTS Comment Now Read Comment (1) All Comments Post Post Find this Comment Offensive? Choose your reason below and click on the submit button. This will alert our moderators to take actions REASONS FOR REPORTING Foul Language Defamatory Inciting hatred against a certain community Out of Context / Spam Others Report Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETTelecom App Get Realtime updates Save your favourite articles Scan to download App anthropic annualised revenue rate anthropic artificial intelligence startup Artificial intelligence Anthropic revenue generative AI systems Anthropic Claude AI models Anthropic funding {“@context”:”http://schema.

org”,”@type”:”BreadcrumbList”,”itemListElement”:[{“@type”:”ListItem”,”position”:1,”item”:{“@id”:”https://telecom. economictimes. indiatimes.

com”,”name”:”Home”}},{“@type”:”ListItem”,”position”:2,”item”:{“@id”:”https://telecom. economictimes. indiatimes.

com/news”,”name”:”News”}},{“@type”:”ListItem”,”position”:3,”item”:{“@id”:”https://telecom. economictimes. indiatimes.

com/news/internet”,”name”:”Internet”}},{“@type”:”ListItem”,”position”:4,”item”:{“@id”:”https://telecom. economictimes. indiatimes.

com/news/internet/anthropic-forecasts-more-than-850-million-in-annualised-revenue-rate-by-2024-end-report/106305427″,”name”:”Anthropic forecasts more than $850 million in annualised revenue rate by 2024-end: report”}}]} {“@context”:”http://schema. org”,”@type”:”NewsArticle”,”mainEntityOfPage”:{“@type”:”WebPage”,”@id”:”https://telecom. economictimes.

indiatimes. com/news/internet/anthropic-forecasts-more-than-850-million-in-annualised-revenue-rate-by-2024-end-report/106305427″},”headline”:”Anthropic forecasts more than $850 million in annualised revenue rate by 2024-end: report”,”datePublished”:”2023-12-27T07:24:36+05:30″,”dateModified”:”2023-12-27T07:25:13+05:30″,”expires”:”2024-01-26T05:05:17+05:30″,”articleBody”:”Artificial intelligence startup Anthropic has projected it will generate more than $850 million in annualised revenue by the end of 2024, tech publication The Information reported on Tuesday, citing two people with knowledge of the company’s financial picture. Three months ago, the company told some investors it was generating revenue at a $100 million annualised rate and expected that figure would reach $500 million by the end of 2024, according to the report.

Backed by Amazon and Alphabet’s Google, Anthropic is one of a series of companies building generative AI systems that can create human-like responses and content. It was cofounded by former executives at Microsoft-backed rival OpenAI and siblings Dario and Daniela Amodei. Its Claude AI models have vied for prominence with OpenAI’s GPT series.

Some people close to the company believe Anthropic could reach $1 billion in annualized revenue next year, or $83 million in revenue per month, the Information reported. The company is also in discussions to raise $750 million in a funding round led by Menlo Ventures, a source with direct knowledge of the matter told Reuters last week. In the past few months, Google and Amazon agreed to invest up to $2 billion and $4 billion, respectively, in the company.

“,”keywords”:[“Internet”,”Anthropic Annualised Revenue Rate”,”Anthropic”,”Artificial Intelligence Startup”,”Artificial Intelligence”,”Anthropic Revenue”,”Generative AI Systems”,”Anthropic Claude AI Models”,”Anthropic Funding”],”articleSection”:”Internet”,”url”:”https://telecom. economictimes. indiatimes.

com/news/internet/anthropic-forecasts-more-than-850-million-in-annualised-revenue-rate-by-2024-end-report/106305427″,”description”:”According to a report in tech publication The Information, sources close to the company believe Anthropic could reach $1 billion in annualised revenue next year, or $83 million in revenue per month. “,”author”:[{“@type”:”Thing”,”name”:”ET Telecom”,”url”:”https://telecom. economictimes.

indiatimes. com”}],”publisher”:{“@type”:”NewsMediaOrganization”,”name”:”Reuters”,”logo”:{“@type”:”ImageObject”,”url”:”https://img. etb2bimg.

com/files/cp/upload-1679566637-et-telecom-light-theme. png”,”width”:600,”height”:60}},”image”:[{“@type”:”ImageObject”,”url”:”https://etimg. etb2bimg.

com/thumb/msid-106305427,width-1200,height-900,resizemode-4/. jpg”,”width”:1200,”height”:900}]} Home News Internet Anthropic forecasts more than $850 million in annualised revenue rate by 2024-end: report.