Anthropic Poised for $70B Revenue by 2028, Outshines OpenAI
Anthropic’s Financial Surge: A New AI Powerhouse Emerges
In the competitive landscape of artificial intelligence, Anthropic is emerging as a formidable player with staggering financial projections. According to an exclusive report from The Information, the company—known for its commitment to "safe AI"—is on track to generate $70 billion in revenue by 2028, alongside $17 billion in operating cash flow. This stands in stark contrast to its primary competitor, OpenAI, which is expected to remain mired in significant cash losses during the same period.
A Clear Path to Profitability
Anthropic’s success stems from its laser-focused B2B commercialization strategy. Insiders reveal that the company is projected to earn $3.8 billion this year solely from selling AI models via APIs—nearly double OpenAI’s API revenue of $1.8 billion. Its enterprise offerings are expanding rapidly: Claude Code, a developer-centric product, has seen annualized revenue soar to nearly $1 billion, more than doubling from $400 million just months ago.
Enterprise Integration Fuels Growth
Anthropic has aggressively embedded its flagship model, Claude, into global corporate ecosystems. Key partnerships include:
- Microsoft: Integration into Microsoft 365 and Copilot.
- Salesforce: Expanded strategic alliance.
- Deloitte & Cognizant: Plans to deploy dedicated AI assistants for tens of thousands of employees.
These collaborations signal Anthropic’s evolution from a mere "model provider" to an indispensable enterprise intelligent infrastructure.
Product Innovation and Efficiency
The company has also refined its product lineup:
- Launched lighter, cost-effective versions (Claude Sonnet 4.5 and Haiku 4.5) for scalable deployment.
- Introduced specialized tools like Claude for Financial Services and Enterprise Search, enabling seamless integration with internal systems (CRM, project management, etc.).
Financial Turnaround: From Red Ink to Black
Anthropic’s profitability metrics are equally impressive:
- Gross margin surged from -94% in 2024 to an expected 50% this year, projected to reach 77% by 2028.
- This turnaround validates its unit economics, reducing reliance on unsustainable cash burn.
In contrast, OpenAI—despite a $500 billion valuation and 800 million weekly active users—faces staggering cash consumption:
- Projected $14 billion burn in 2026.
- Cumulative losses may exceed $115 billion by 2029.
Valuation and Challenges Ahead
Anthropic’s recent $13 billion funding round valued it at $17 billion. Analysts predict a potential leap to $30–40 billion if growth continues. However, hurdles remain:
- A $2.5 billion credit facility.
- $1.5 billion in copyright litigation settlements.
- Ongoing compliance costs.
Key Points:
- Anthropic’s revenue could hit $70B by 2028, dwarfing OpenAI’s financial struggles.
- Enterprise partnerships and product optimization are driving growth.
- Gross margins are skyrocketing, signaling sustainable profitability.
- Valuation may quadruple, but legal and financial risks persist.