2023-12-27 08:37:45 ET
Anthropic – the artificial intelligence startup is reportedly aiming for more than $850 million in annualised revenue by the end of next year.
Anthropic may even hit $1 billion in revenue
Not long ago the company based out of San Francisco, California had told investors that its annualised revenue stood at about $100 million and was expected to hit $500 million by the end of 2024.
But now Anthropic may even see $1.0 billion in annualised revenue in the coming year, as per sources that talked to “The Information” on condition of anonymity on Wednesday.
Its rival OpenAI – the Microsoft-based company behind ChatGPT was recently reported to surpassed $1.3 billion in annualised revenue ( find out more ).
Note that Statista anticipates artificial intelligence to be a $2.0 trillion market by 2030 versus close to $200 billion only at writing.
Watch here: https://www.youtube.com/embed/IjGZDcsshy0?feature=oembedAnthropic is reportedly in talks to raise funds
The news arrives only days after Anthropic was reported in talks to raise another $750 million from an investment group led by Menlo Ventures.
That’s on top of about $4.0 billion worth of investment that Amazon.com Inc (NASDAQ: AMZN) had announced in the artificial intelligence startup in September as Invezz reported here .
AWS chief Adam Selipsky talks generative AI, Amazon's investment in Anthropic and cloud cost-cutting – Albany Democrat-Herald https://t.co/oNZ01fmoO4
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The aforementioned funding round would value Anthropic at well over $18 billion, as per people familiar with the matter. The AI firm was previously valued at $4.1 billion only.
In October, Google also agreed to invest roughly $2.0 billion in Anthropic to expand its footprint in artificial intelligence.
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