Tortoise and Hare

Anthropic

Anthropic’s revenue run rate just topped $30 billion — that's ahead of OpenAI, depending on how you count

The Claude maker's revenue run rate has tripled in three months, as Dario Amodei's firm takes the software world by storm.

Hyunsoo Rim

Anthropic said Monday that its annual revenue run rate has topped $30 billion, more than tripling from the ~$9 billion reported at the end of 2025. That places the Claude-maker ahead of OpenAI, at least on paper, which disclosed roughly $24 billion in ARR at the end of March — a remarkable leapfrogging that would have seemed unthinkable just six months ago.

The jump came alongside the announcement of an expanded partnership with Google and Broadcom, which will give Anthropic access to 3.5 gigawatts of AI compute capacity starting in 2027 to help meet surging demand for its Claude products. The company's latest model, Mythos, is already turning heads.

Over 1,000 enterprise customers are now spending over $1 million annually, more than double the ~500 in February.

Still, as remarkable as Anthropic’s near-vertical growth looks, the Claude maker may not have actually surged past its rival in the AI revenue race, since the comparison isn’t perfectly apples-to-apples.

Both OpenAI and Anthropic sell their AI models through cloud partners such as AWS, Google Cloud, and Microsoft Azure, which take a slice of revenues generated through their platforms. But the two account for those sales differently. According to The Information, Anthropic records the full amount a cloud customer pays as revenue, later counting the partners’ cut as an expense. OpenAI, by contrast, records what it actually receives after the cloud provider takes its share — at least in the case of Azure, its primary cloud partner.

In fact, The Information estimates Anthropic could pay roughly $1.9 billion to cloud providers this year and as much as $6.4 billion in 2027 based on the startup's most optimistic forecasts, meaning the revenue gap with OpenAI could be narrower than it appears.

Beyond the revenue race, both AI startups are burning cash at historic rates, with the ChatGPT maker expecting to burn through a staggering $218 billion between 2026 and 2029 — about 23x what Tesla burned during its most cash-intensive years, and roughly equivalent to the GDP of Ukraine.

Anthropic: Our new “Mythos” model is so powerful, we can’t release it

The unusual announcement of the model highlights its alarming new cybersecurity capabilities.

Jon Keegan16h

Jon Keegan19h

Bloomberg: Apple’s foldable iPhone is on track for September after all

Scratch that... Actually, Apple’s foldable iPhone may be on track to debut later this year after all.

Hours after a report from Nikkei Asia said Apple was encountering engineering problems with the novel design that could lead to a delayed launch, Bloomberg’s Mark Gurman reports that sources within Apple say the premium foldable iPhone is still on track to launch in September, alongside the iPhone 18 Pro and iPhone 18 Max.

Shares of Apple had plunged more than 5% on word of a possible delay, but pared losses on Gurman’s story.

According to the report, the foldable iPhone will cost more than $2,000 and will be a key part of the company’s plan to revamp the iPhone lineup.

Apple’s Foldable iPhone Remains on Track for September Debut

Shares of Apple had plunged more than 5% on word of a possible delay, but pared losses on Gurman’s story.

According to the report, the foldable iPhone will cost more than $2,000 and will be a key part of the company’s plan to revamp the iPhone lineup.

Jon Keegan21h

Bezos poaches xAI cofounder from OpenAI for his Project Prometheus startup

The competition among AI startups for poaching top talent has a new contender.

The Financial Times reports that xAI cofounder Kyle Kosic has been poached from OpenAI by Amazon founder Jeff Bezos for his new AI industrial manufacturing startup, Project Prometheus.

Kosic was one of the original 11 cofounders of xAI and worked on the Colossus data center. Kosic left xAI in 2024 to return to OpenAI. Elon Musk is the last xAI cofounder still working for the company.

According to the report, Kosic will work on AI infrastructure in his new role at Project Prometheus, which has reportedly hired hundreds of staff in San Francisco, London, and Zurich.

Jeff Bezos’s new lab hires xAI co-founder from OpenAI

According to the report, Kosic will work on AI infrastructure in his new role at Project Prometheus, which has reportedly hired hundreds of staff in San Francisco, London, and Zurich.

Jon Keegan22h

Report: Apple’s foldable iPhone may be delayed by engineering troubles

One of Apple’s key product launches for 2026 might be facing delays.

The company’s planned foldable iPhone has run into engineering problems during testing, and mass production could be delayed as a result, according to a report from Nikkei Asia.

The complexity of the novel design is reportedly taking longer than expected to perfect, and could push back the product’s launch by months.

Per the report, Apple planned to initially produce 7 million to 8 million of the foldable iPhones, which it intends to position as a premium entry in the new iPhone lineup.

This would be the second Apple foldable product that has faced delays due to engineering problems, as Bloomberg reported that a $3,000 foldable iPad would be delayed until 2029 or later.

Apple shares were down sharply in early trading.

Foldable iPhone hits engineering snags, shipment delays possible: sources

The complexity of the novel design is reportedly taking longer than expected to perfect, and could push back the product’s launch by months.

Per the report, Apple planned to initially produce 7 million to 8 million of the foldable iPhones, which it intends to position as a premium entry in the new iPhone lineup.

This would be the second Apple foldable product that has faced delays due to engineering problems, as Bloomberg reported that a $3,000 foldable iPad would be delayed until 2029 or later.

Apple shares were down sharply in early trading.

Jon Keegan4/6/26

Report: Some of Meta’s new AI models will eventually be open-source

Axios reports that Meta is close to releasing its first new AI models after setting up its “superintelligence” team led by former Scale.AI CEO Alexandr Wang, and some of the models will eventually be released with an open-source license.

Per the report, Meta sees an opportunity to focus on consumers, rather than the lucrative enterprise market that both OpenAI and Anthropic have been focusing on.

Meta had previously embraced open-source AI with its Llama models, with CEO Mark Zuckerberg writing a manifesto declaring open-source AI as “the path forward.” Axios says that Meta will be pursuing more of a hybrid strategy of proprietary and open-source models going forward.

The New York Times previously reported that Meta was delaying the launch of its new AI model because of performance issues.