Anthropic’s annualized revenue run rate passes $65B, ahead of OpenAI’s reported $40B

TechCrunch reported on 17 August 2026, following Bloomberg, that Anthropic hit a $65 billion annualized revenue run rate in late July — more than a sevenfold rise since the close of last year — on preliminary quarterly revenue above $11.5 billion with positive adjusted operating income. That puts its run rate ahead of the $40 billion recently reported for OpenAI. Investors cited in the reporting expect the company to finish 2026 between $100 billion and $120 billion, and the figures strengthen plans for a public listing as early as this autumn.

What it means Enterprise model spend is compounding faster than the seat-based software it displaces — the number to hold up next to any internal business case that still treats model cost as an experiment budget.