Anthropic's revenue isn't just growing - it's apparently in a hurry. The model maker's annualized revenue run rate - that's the financial equivalent of extrapolating a sprint into a marathon - blew past $65 billion at the end of July, Bloomberg reported on Monday. That's up from $47 billion in May and a quaint $9 billion at the end of last year. Because why not triple your revenue in seven months?

Anthropic didn't immediately respond to our request for comment, likely because they were too busy counting zeroes.

Investors, ever the optimists, expect the company to keep up this pace and finish 2026 somewhere between $100 billion and $120 billion, per the Financial Times. Because who needs incremental growth when you can just keep doubling?

Meanwhile, rival OpenAI has doubled its revenue to $40 billion, up from $20 billion at the end of 2025, Bloomberg reported last week. Doubling is cute, but Anthropic's growth rate has captivated investors far more - probably because it's less 'steady' and more 'hockey stick.'

Both companies have filed confidential IPO paperwork, but Anthropic is expected to hit the public markets ahead of OpenAI - possibly as soon as this fall. And they're not aiming low: Anthropic will seek a public valuation of $2 trillion or more, according to the Financial Times. That would make it the largest market debut on record, which is a nice way of saying 'the biggest initial public offering ever, by a lot.'

Anthropic was last valued at $965 billion in late May, when it raised a $65 billion round. That's right: they raised $65 billion, and now they're making $65 billion a year. Coincidence? Probably. But it's a nice round number.