In a recent development, artificial intelligence (AI) startup Anthropic has unveiled ambitious projections, forecasting annualized revenue exceeding US$850 million by the close of 2024. The Information, relying on insights from two sources intimately acquainted with the company's financial landscape, reported this compelling insight on Tuesday, December 26. Approximately three months ago, Anthropic communicated to select investors that it was already generating revenue at a notable US$100 million annualized rate. The company expressed optimism that this figure would surge to an impressive US$500 million by the culmination of 2024, as outlined in The Information's report. Anthropic, a venture backed by industry giants Amazon.com and Alphabet’s Google, stands as one of the key players actively engaged in constructing generative AI systems, specializing in the creation of human-like responses and content.

Founded by former executives from Microsoft-backed competitor OpenAI, along with siblings Dario and Daniela Amodei, Anthropic's AI models, notably the Claude series, have been contending for prominence with OpenAI’s well-established GPT series. Sources close to the company have hinted at the possibility of Anthropic achieving the remarkable milestone of US$1 billion in annualized revenue next year, translating to an impressive US$83 million in monthly revenue, according to The Information.

In parallel with these ambitious revenue projections, Anthropic is currently engaged in discussions to secure a substantial funding round. Reportedly led by Menlo Ventures, the company aims to raise an impressive US$750 million, as disclosed by a source with direct knowledge of the matter to Reuters last week. This potential influx of capital reflects both investor confidence in Anthropic's trajectory and the broader industry recognition of the pivotal role played by advanced AI technologies in shaping the future landscape.