Citigroup Inc. (C) has raised its long-term outlook for the global artificial intelligence (AI) market. The bank says enterprise demand for AI tools is moving faster than expected, especially for coding and automation. As a result, Citi now projects that the AI market could explode to $4.2 trillion by 2030. The bank points to Anthropic, the AI firm behind the Claude chatbot, as the key player that could drive this growth, placing it ahead of other AI rivals like OpenAI, Google (GOOGL), and DeepSeek.
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Trade AMZN with leverageCiti Lifts AI Market Forecast with Anthropic Driving Growth
After watching how quickly companies have begun using AI systems, Citigroup raised its global market forecast for the AI industry. The bank said in an April 27 note that it expects the global AI market to explode above $4.2 trillion by 2030, reflecting a massive jump from its earlier estimate of just over $3.5 trillion.
Much of that growth is expected to come from a surge in enterprise AI demand. Citi believes this part of the market will generate about $1.9 trillion in less than five years, up from an earlier forecast of $1.2 trillion. The bank credits the rise to stronger demand for AI tools that help big firms code more easily, automate workloads, and boost system productivity.
Within this new outlook, Citi places Anthropic as a leading force set to drive global enterprise adoption. The bank stated that the company’s massive revenue and demand growth are driven by its Claude AI models and Claude Code tools. It also pointed to Anthropic’s Mythos AI preview, noting that rather than short-term monetization, this new model could bring greater benefits in the future.
Citi also noted that Anthropic is mainly focused on enterprise users and had prioritized this market early on. This strategy had given the firm a major edge in commercial rollouts, with over 80% of its total revenue coming from enterprise customers. As such, the bank has named Anthropic “the leader in enterprise AI,” placing it above OpenAI, one of its biggest AI rivals.
Anthropic Enterprise Growth Challenges OpenAI and Global Rivals
Citi’s report also shows how quickly Anthropic has scaled its global operations. The bank noted that the company’s annual revenue run rate (ARR) had climbed past $30 billion by April, marking one of the fastest growth phases in the sector. Most of that revenue came from enterprise clients, showing that Anthropic is focused more on selling to businesses than to everyday consumers.
Another reason Citi sees Anthropic driving the global AI market’s value is its recent infrastructure deals. The private company has partnered with Google in a deal worth up to $40 billion and also signed a $125 billion agreement with Amazon (AMZN) this week. These contracts show the massive computing power required to support Anthropic’s growth and model development.
At the same time, competition across the AI industry is rising. OpenAI, Google, and other major players are also pushing further into enterprise markets. The focus is no longer just on which model performs best. Reliability, real-world integration, and workflow efficiency now matter just as much. Citi suggests that this shifting competitive landscape will shape the next phase of the AI market, as firms battle for dominance in the business space.
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The Citigroup (C) stock currently carries a Strong Buy consensus rating from 14 Wall Street analysts tracked by TipRanks. Out of them, 13 analysts recommend a Buy, 1 assigns a Hold, and 0 suggest a Sell. The stock also has a 12-month price target of $142.9, implying about 10.9% upside from current levels. Additional analysis on the stock is available via the TipRanks Stock Comparison Center.
