Market sentiment shifts as Anthropic’s profitability and $65B revenue projection position it as the frontrunner for an AI sector IPO over rival OpenAI.
Anthropic projects a $65B revenue run rate and is profitable for a second straight quarter, strengthening its IPO prospects.
OpenAI has a $40B revenue run rate and a lean balance sheet with no debt, but faces higher cash burn and data center buildout costs.
Betting markets now assign a 93% probability that Anthropic will reach the public markets before OpenAI. Anthropic’s momentum is fueled by two consecutive quarters of profitability and a projected $65 billion revenue run rate, significantly outpacing OpenAI’s $40 billion figure.
Investors favor Anthropic due to its reported profitability over two consecutive quarters and a projected $65 billion revenue run rate, which exceeds OpenAI's $40 billion run rate.