Anthropic, an AI developer, has reached an annualized revenue of $3 billion, a significant increase from nearly $1 billion just five months prior. This growth highlights the rising demand for AI, particularly in code generation services, positioning Anthropic as a leading software-as-a-service provider in the AI space.

Anthropic, a key competitor to OpenAI, is targeting $26 billion in revenue by 2026, fueled by strong demand for its AI solutions. Recently valued at $183 billion, the company has launched a new affordable AI model named Haiku and secured significant enterprise contracts, including a major deployment with Deloitte.

Anthropic has achieved a remarkable $5 billion revenue run rate, but its dependence on two major customers poses significant risks. With OpenAI launching GPT-5 at lower prices, Anthropic faces pressure to adjust its pricing strategy while maintaining its market dominance in AI-powered coding.

Anthropic's spending on Amazon Web Services has reached alarming levels, with reported costs exceeding its revenue, leading to concerns over its financial viability. In 2024 alone, Anthropic spent $1.35 billion on AWS while generating an estimated revenue of $600 million, contributing to a larger narrative of escalating operational expenses in the AI industry. The article also hints at potential undisclosed costs and uncertainties regarding Anthropic's future profitability.