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Anthropic’s annualized revenue surges to $65B

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Summary A

Anthropic’s annualized revenue hit $65B—up 7x in 7 months—while OpenAI’s doubled to $40B. This means the cost of serving frontier models is now so high that only hyperscale cloud providers or public markets can fund training runs, forcing every production team to either lock in long-term contracts with one vendor or build their own inference clusters to avoid margin compression.

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