The finances of Silicon Valley’s two largest artificial-intelligence startups show their diverging approaches to the AI boom, with Anthropic on a pace to turn a profit far more quickly than rival OpenAI (OPENAI), according to documents obtained by The Wall Street Journal.
Anthropic (ANTHRO), which has a growing number of business users because of the capabilities of its Claude chatbot in coding and other arenas, expects to break even for the first time in 2028, the documents show.
Anthropic (ANTHRO) is said to have raised its growth forecasts by about 13% to 28% over the next three years and expects to generate up to $70B in revenue in 2028, up from around $5B this year, according to a report by The Information last week.
By contrast, OpenAI forecasts its operating losses that year to swell to about $74 billion—or roughly three-fourths of revenue, owing to increasing spending on computing costs. The ChatGPT-maker also expects to burn through approximately 14 times as much cash as Anthropic before turning a profit in 2030, as per the WSJ report.
The company, which is backed by Amazon (AMZN) and Alphabet’s (GOOG) (GOOG) Google, expects demand from businesses for its AI models to drive the growth.
Anthropic projected that its 2025 revenue from selling access to its AI models through an application programming interface will be roughly double the revenue ChatGPT maker OpenAI generates from API sales.