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

4/8/26 6:50AM

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 customers 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.

Figure’s robots just sorted packages for 200 hours straight

What started as a 10-hour human-versus-robot challenge turned into a continuous marathon shift spanning nine days of continuous work.

Jon Keegan5/22/26

Rani Molla5/22/26

Report: Uber considers full Delivery Hero takeover to take on DoorDash outside the US

Uber appears to be considering upping its competition with DoorDash outside the US, exploring a potential full takeover of Frankfurt-listed Delivery Hero, Bloomberg reports. Earlier this week the US-based ride-hailing service disclosed a 19.5% stake in the food delivery company, but now that could go higher.

The $11.8 billion German company could be particularly vulnerable to a takeover right now, with its CEO having recently stepped down following pressure from activist investors to sell off assets. A full acquisition would give Uber a massive foothold in over 60 countries to combat DoorDash’s European-focused Wolt unit.

Uber has been involved in a lot of deal-making of late, mostly in the autonomous vehicle space, where it now has more than 30 partnerships globally.

Uber extended its losses on the news and is currently down around 1.7%.

Uber Said to Study Full Takeover of European Rival Delivery Hero

Uber has been involved in a lot of deal-making of late, mostly in the autonomous vehicle space, where it now has more than 30 partnerships globally.

Uber extended its losses on the news and is currently down around 1.7%.

Rani Molla5/22/26

Meta released a Reddit dupe. Reddit investors don’t like it.

Fresh on the heels of releasing a Snapchat dupe, which sent Snap down earlier this month, Meta seems to be meddling with Reddit, quietly releasing a Reddit-like Facebook app called Forum yesterday. After news of the “dedicated space built for deeper discussions, real answers and the communities you care about,” Reddit’s stock is down 4.5% today.

Last month, Reddit’s earnings report handily beat analysts’ expectations, but it continues to struggle with the perception that bigger tech companies — including Meta — investing heavily in AI will eat its lunch. The stock is down nearly 40% year-to-date.

Jon Keegan5/21/26

Report: OpenAI’s Q1 revenue was $5.7 billion, beating Anthropic

The neck-and-neck race between OpenAI and Anthropic as the AI companies barrel toward their expected IPOs this year is shaking out some internal numbers for would-be investors to ponder.

The Information is reporting that OpenAI’s first-quarter revenue was ~$5.7 billion, about $1 billion ahead of Anthropic’s revenue for the same period.

The Wall Street Journal recently reported that Anthropic is on course to more than double its first-quarter revenue of $4.8 billion to $10.9 billion in the second quarter. It is not known what OpenAI is projecting for Q2.

Recently, The New York Times reported that Anthropic’s current fundraising round seeking to raise between $30 billion and $50 billion comes with a valuation of up to $950 billion, putting it ahead of OpenAI’s latest reported valuation of $850 billion.

OpenAI Held $1 Billion Revenue Lead Over Anthropic in First Quarter

Rani Molla5/21/26

Alphabet’s Waymos are still getting caught in floods after recall

Waymo, the self-driving subsidiary of Alphabet, has paused operations in Atlanta after a new report of a vehicle driving into a flooded roadway and getting stuck, TechCrunch reports. The news comes just weeks after the company recalled its fleet of nearly 4,000 driverless cars to deal with a previous flood incident in San Antonio, where the service is also paused.

After that incident, Waymo instituted an “interim remedy” to make the vehicles “exclude additional operating conditions that present an elevated risk of encountering a flooded, higherspeed roadway,” but added that it was still “developing the final remedy for this recall.”

As we’ve noted, Waymo has mostly kept its rollout — now public in 11 cities — to more temperate climates, as severe weather poses more challenges to autonomous vehicles.

Waymo pauses Atlanta service as its robotaxis keep driving into floods | TechCrunch