Artificial intelligence startup Anthropic (PC:ANTPQ) is setting ambitious goals for the next two years, aiming to nearly triple its annual run rate by 2026. The San Francisco-based company, best known for its Claude language models, expects to reach about $9 billion in revenue by the end of 2025 and as much as $26 billion the following year. If achieved, that pace would place Anthropic among the fastest-growing AI firms serving business clients.
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At the moment, Anthropic’s annualized revenue is close to $7 billion, a sharp rise from about $1 billion at the start of 2025. This growth has been driven largely by enterprise adoption. Business clients now account for roughly 80% of total sales. The company reports that more than 300,000 firms use its Claude tools, while one of its newest products, Claude Code, has already reached nearly $1 billion in annualized revenue since launching earlier this year.
Competition with OpenAI Grows
Anthropic’s rapid climb is bringing it closer to OpenAI (PC:OPAIQ), the developer of ChatGPT. OpenAI, backed by Microsoft (MSFT), reported an annual run rate of $13 billion in August and said it expects to exceed $20 billion by year-end. While OpenAI continues to lead in the consumer space, Anthropic is strengthening its position in enterprise markets with an emphasis on reliability and data safety.
To build on that momentum, Anthropic recently released a new model called Claude Haiku 4.5. It targets cost-focused users by offering performance similar to the mid-tier Claude Sonnet 4 but at one-third of the price and more than twice the speed. This approach is designed to attract large organizations that want scalable AI tools without higher costs.
Valuation and Expansion Plans
After its latest funding round, Anthropic reached a valuation of about $183 billion following a $13 billion Series F led by ICONIQ. The company plans to open its first office in Bengaluru, India, in 2026 and expects to triple its global workforce. It will also expand its applied AI team fivefold to support product development and market expansion.
Anthropic’s rise highlights the growing demand for enterprise AI solutions. As more companies seek tools to automate code, summarize information, and improve operations, competition between OpenAI and Anthropic is intensifying. Both firms are working to become the go-to platform for businesses looking for reliable and cost-efficient AI systems.
Using TipRanks’ Comparison Tool, we’ve compared some of the notable companies that employ chatbots similar to Claude and ChatGPT. It’s a great way for investors to gain a comprehensive examination of each stock and the AI industry as a whole.
