#AnthropicARRHits65B
About AnthropicARRHits65B
Anthropic reportedly crossed $65B in annualized revenue by end of July, with preliminary Q2 revenue above $11.5B, up from $4.73B in Q1. It closed a $65B raise at a $965B post-money valuation and filed a confidential S-1 with the SEC in June. Some investors see annualized revenue reaching $100B to $120B by year end and have floated a $2T IPO valuation. Annualized revenue is not full-year recognized revenue, and those figures are not guidance. Watch revenue quality, retention and compute cost.
Suosittu
Viimeisin
AnthropicARRHits65B Suositut postaukset
U.S. stocks rose (SPX +0.2%, NDX +0.6%) as tech advanced after Anthropic’s 2Q revenue jumped 14-fold from the same period in 2025, reinforcing sustained AI spending. 10yr treasury yields and oil edged lower while Bitcoin, gold, and silver gained. September Fed hike odds fell to 30% amid last week’s weak retail sales data. Korean chipmakers and U.S. tech hardware rose pre-mkt on surging AI demand. S&P 2026 EPS estimates reached $362 (+30% YoY), implying a 21.6x forward P/E matching the 10-year yield for the first time since early 2024, and before that the 2000 internet bubble. I remain cautious on $TSLA due to declining forward earnings estimates, intensifying autonomous competition, and an elevated valuation.
PANews Weekly Funding Report | Aug 10-16
Last week, AI fundraising remained concentrated in infrastructure and developer tools. AI data infrastructure company Databricks raised $5 billion in strategic funding, while multiple robotics companies secured nine-figure rounds.
At the application layer, AI coding remained one of the most active categories, while robotics and embodied AI continued to see strong investor interest.
Crypto funding also showed a clearer shift toward regulated and permissioned businesses. In the first half of the year, crypto startups raised $11.2 billion, with disclosed capital flowing mainly into payments and stablecoins, prediction markets, exchanges, and trading platforms.
Globally, 4 blockchain funding events were recorded, with total disclosed capital raised exceeding $18 million.
In addition, several Wall Street giants partnered with NVIDIA to advance a $500 billion AI financing initiative.
#CryptoFunding #VC #AI
#AIInfraEarningsWatch
The market isn't questioning AI anymore. It's questioning the price it's willing to pay for it.
Revenue keeps beating expectations, yet stocks keep selling off. That's usually what happens when expectations run faster than reality. Strong businesses can still produce disappointing stocks if valuations get ahead of fundamentals. Would you still be buying here?
BREAKING: Anthropic's annualized revenue run rate surpassed $65 billion by the end of July.
Up from $9B at the end of 2025, a 7x jump in seven months.
Its latest quarter generated $11.5B in preliminary revenue, up from just $787M a year earlier, a 14.6x increase.
Investors expect Anthropic to reach $100B - $120B in annualized revenue by the end of 2026, with a potential IPO as early as this fall.
The company is reportedly projecting $190B - $200B in revenue by 2028, while investors are targeting an IPO valuation of up to $2T.
Anthropic has become one of the fastest-growing software businesses ever built
Open source models were supposed to CRUSH OpenAI & Anthropic's GROWTH
Instead, the frontier AI labs just had the fastest revenue ramp in business history!
Anthropic: $11.5B in Q2, up 14x YoY
OpenAI's Codex: 6M to 15M users in 1 month
Here's why the commoditization thesis is failing:
As we move from chat to agents, enterprises need 2 things:
1. Frontier level intelligence to complete complex tasks (though you can arguably get this from open source now too)
2. a UX/UI that is simple enough to integrate across 1000's of employees company wide, with controlled connectors, usage and more. Only the frontier lab models have this right now
And the more companies use it and integrate their business into it, the longer they will stay and the more they will consume. Regardless of how cheap the open-source side gets. Especially when you consider that open-source tokens are increasing in price while closed source are decreasing
These two labs are now sitting at a combined $105B ARR ($65B Anthropic + $40B OpenAI)
My bet is that number is closer to $200B by EOY. And that doesn't even count SpaceX with Grok and Cursor, which is quietly becoming a legit #3 in the frontier race
Now think about what that revenue actually does: it's the collateral funding the greatest infrastructure buildout in history. But here's the most important stat of all:
Companies that build on OpenAI and Anthropic are seeing their revenues grow 3x more than companies that don't
That's the whole bubble debate settled in one line. Bubbles are when spending accelerates while returns don't exist. Right now usage is accelerating, lab revenue is accelerating AND the customers are making money on top. The entire stack is seeing ROI
There is no bubble this is just the EVERYTHING bull market
I'm positioned all through this stack (memory, compute, power, neoclouds, application layer) and if this was helpful, my company runs a service where 5 top-tier analysts share their research and real-time portfolios so you can see exactly what we're buying. It's just $1 to try it out (insane price just to check it out), learn more here:
Don't forget to give me a follow @kylereidhead for more insights on AI and markets
Kyle Reidhead | Milk Road
Is the AI BUBBLE in the room with us right now?
You can't have a bubble when usage AND spend are both accelerating
And you definitely can't have one when the people paying for it all are making real ROI
BCG just studied 107 public companies with $500M+ in revenue and ranked them by how many AI tokens they consume
The heaviest AI users are growing revenue at 16.5% a year. The lightest users: 5.1%. It's a perfect staircase, every step up in AI usage is a step up in growth. The companies BUYING all this AI are growing 3x faster than the ones that aren't
Here's the chain of buyers that are fundamentally driving AI usage higher, rather than it looking like a bubble:
1. The frontier labs. Anthropic is pushing $80B run rate this month, up from $10B in January. OpenAI's tracking past $40B. The fastest revenue ramps in business history
2. The sellers and integrators. Palantir, ServiceNow and Salesforce are wiring agents into enterprises as fast as they can staff it, and even boring old Cisco just booked $9.3B of AI infrastructure orders, up 4.5x in a year. Their earnings are crushing!
3. The buyers themselves. That's the chart I'm showing, the enterprises spending on AI are outgrowing everyone else by 3x. The spend is generating ROI, which means it continues
Compare that to an actual bubble. In 2000 we built oceans of fiber for internet demand that didn't exist yet, and the fiber sat dark for a decade. Today's compute is sold out YEARS before it's even built, and the people renting it are making money on it and the users and usage is accelerating
Bubbles are spend with no revenue underneath. This is revenue accelerating at every layer of the stack at the same time
Can valuations still run too hot and correct along the way? Of course, that's markets. But a correction inside a real buildout is a buying opportunity, not a popping bubble
I honestly can't think of a better setup for AI infra stocks, and for the EVERYTHING bull market, than all three layers accelerating at once. It's why I stay positioned in the compute, memory and power underneath all of it, as well as some stocks within the application layer
If this was helpful, my company provides a service where 5 top-tier analysts share their market analysis and real-time portfolios so you can see exactly how we're positioned. It's inside Milk Road PRO and just $1 to try it out right now. Learn more here:
Don't forget to give me a follow @KyleReidhead for more insights on AI and markets
BREAKING: Anthropic told investors over the weekend not to worry because it's mogging OpenAI in ARR
Anthropic annualized revenue:
>$47 billion at the end of May
>$65 billion at the end of July
MORE THAN +18 BILLION in 2 months
In December OpenAI had twice Anthropic's revenue. Today Anthropic's is 60% ahead.
>OpenAI ARR in July was $40 billion
>$25 billion behind
Anthropic will IPO first, in October at ~$2 trillion
