AI startup Anthropic (PC:ANTPQ) is forecasting sharp growth over the next few years. The company expects up to $70 billion in annual revenue and $17 billion in cash flow by 2028. That would be a major jump from the $5 billion it projects for this year. The report was first shared by The Information.
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Currently, Anthropic’s focus on business clients is paying off. Around 80% of its income comes from over 300,000 corporate customers. Its developer product, Claude Code, has grown quickly and is now near $1 billion in yearly revenue, up from $400 million in July.
Enterprise Expansion and Partnerships
Anthropic’s rise has been powered by new partnerships with some of the world’s largest firms. Deloitte is rolling out the company’s Claude assistant to more than 470,000 employees in 150 countries. Cognizant (CTSH) is introducing the same tool to its 350,000-person workforce.
In addition, Microsoft Corporation (MSFT) is adding Anthropic’s models to Microsoft 365 and Copilot. This marks a shift from its earlier exclusive work with OpenAI (PC:OPAIQ). Salesforce (CRM) also deepened its collaboration with Anthropic in October, making it the first large language model to be fully integrated within Salesforce’s trust layer. That move targets industries such as finance, health care, and cybersecurity.
Profit Path and Market Context
Anthropic expects to reach positive cash flow by 2027. Its gross profit margin is projected to rise from a negative 94% last year to 50% this year and then to 77% by 2028. By contrast, OpenAI is expected to post $14 billion in losses in 2026 and could total $115 billion in losses through 2029.
Although OpenAI’s valuation is near $500 billion and its products reach hundreds of millions of users, its costs remain high. Anthropic’s more concentrated business strategy may allow it to reach profitability sooner, even if it generates less total revenue.
According to The Information, these new forecasts could support a future valuation between $300 billion and $400 billion. The company last raised $13 billion in September at a valuation of $183 billion, almost tripling its worth from earlier in 2025.
Using TipRanks’ Comparison Tool, we’ve compared some of the AI companies mentioned in this piece. It’s a useful way for investors to gain a comprehensive examination of each stock and the AI industry as a whole.
