Does Anthropic's Success Prove Businesses are Ready to Adopt AI?

AI company Anthropic (founded in 2021 by a team that left OpenAI) is now making about $3 billion a year in revenue, reports Reuters (citing 'two sources familiar with the matter.') The sources said December's projections had been for just $1 billion a year, but it climbed to $2 billion by the end of March (and now to $3 billion) — a spectacular growth rate that one VC says 'has never happened.'

A key driver is code generation. The San Francisco-based startup, backed by Google parent Alphabet and Amazon, is famous for AI that excels at computer programming. Products in the so-called codegen space have experienced major growth and adoption in recent months, often drawing on Anthropic's models.
Anthropic sells AI models as a service to other companies, according to the article, and Reuters calls Anthropic's success 'an early validation of generative AI use in the business world' — and a long-awaited indicator that it's growing. (Their rival OpenAI earns more than half its revenue from ChatGPT subscriptions and 'is shaping up to be a consumer-oriented company,' according to their article, with 'a number of enterprises' limiting their rollout of ChatGPT to 'experimentation.')

Then again, in February OpenAI's chief operating officer said they had 2 million paying enterprise users, roughly doubling from September, according to CNBC. The latest figures from Reuters... Anthropic's valuation: $61.4 billion.OpenAI's valuation: $300 billion.

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