Anthropic is aiming for $850 million in annualised revenue in 2024

Anthropic – the artificial intelligence startup is reportedly aiming for more than $850 million in annualised revenue by the end of next year.

Anthropic may even hit $1 billion in revenue

Not long ago the company based out of San Francisco, California had told investors that its annualised revenue stood at about $100 million and was expected to hit $500 million by the end of 2024.

But now Anthropic may even see $1.0 billion in annualised revenue in the coming year, as per sources that talked to “The Information” on condition of anonymity on Wednesday.

Its rival OpenAI – the Microsoft-based company behind ChatGPT was recently reported to surpassed $1.3 billion in annualised revenue (find out more).

Note that Statista anticipates artificial intelligence to be a $2.0 trillion market by 2030 versus close to $200 billion only at writing.

Anthropic is reportedly in talks to raise funds

The news arrives only days after Anthropic was reported in talks to raise another $750 million from an investment group led by Menlo Ventures.

That’s on top of about $4.0 billion worth of investment that Amazon.com Inc (NASDAQ: AMZN) had announced in the artificial intelligence startup in September as Invezz reported here.

The aforementioned funding round would value Anthropic at well over $18 billion, as per people familiar with the matter. The AI firm was previously valued at $4.1 billion only.

In October, Google also agreed to invest roughly $2.0 billion in Anthropic to expand its footprint in artificial intelligence.