Anthropic's annualized revenue hit $30B by March 2025, up from $9B in late 2024, prompting some OpenAI investors to question its $852B valuation.
Anthropic's annualized revenue tripled from $9B to $30B between late 2024 and March 2025, driven by coding tool demand. Some investors who backed both companies now view Anthropic's $380B valuation as the relative bargain versus OpenAI's $852B. Secondary market activity confirms the shift — Anthropic shares are in high demand while OpenAI shares trade at a discount. Iconiq Capital, which invested over $1B in Anthropic, publicly stated they've picked a side.
Anthropic tripling revenue in three months signals massive enterprise API adoption, primarily through coding tools. That kind of revenue growth means Anthropic will be pouring capital into model improvements, API reliability, and expanded context windows. For developers choosing a primary AI provider, platform stability and future capability investment now clearly favor Claude's trajectory.
Run a head-to-head benchmark this week: test Claude 3.7 Sonnet vs GPT-4o on your highest-complexity code generation task, measure tokens used and output accuracy, and use the result to justify a provider consolidation decision.
Open claude.ai and a ChatGPT tab side by side
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