What happened
Anthropic projects $70 billion in revenue and $17 billion in cash flow by 2028, driven by enterprise demand for its AI models. The company anticipates its 2025 API sales revenue will double that of OpenAI, with an estimated current annual run rate of $7 billion, nearing $9 billion by year-end. Its Claude Code AI assistant is approaching $1 billion in annualised revenue, and Anthropic holds 42% of the AI coding market share. This growth is underpinned by a focus on enterprise features, data governance, and multi-cloud neutrality through Amazon and Google partnerships.
Why it matters
The projected widespread adoption of Anthropic's AI models, particularly for critical functions like coding and legal drafting, introduces a significant operational dependency on external AI services. This increases the due diligence requirements for procurement and IT security teams to evaluate the ongoing security, data handling, and compliance postures of these third-party providers. Furthermore, it places an increased oversight burden on compliance and legal departments to ensure that AI-driven outputs adhere to internal policies and regulatory standards, given the integration into core business workflows.
