According to CoinMeta, the annualized revenue run rate of Anthropic reached approximately $65 billion by the end of July, surpassing that of OpenAI as the company moves towards potential IPO. This figure was disclosed in a recent investor update, according to people familiar with the matter. The annualized revenue run rate of Anthropic was around $9 billion by the end of 2025 and reached approximately $47 billion in May, indicating the company's rapid expansion this year. Preliminary data shows that Anthropic's revenue in the second quarter exceeded $11.5 billion, a significant increase from $4.73 billion in the first quarter and $787 million a year ago. The company also achieved positive adjusted operating income during the quarter, which is an important milestone for investors concerned with profitability. According to different reports, the annualized revenue run rate of OpenAI recently surpassed $40 billion, about twice the level at the end of 2025, putting Anthropic ahead by approximately $25 billion in the latest estimates. Although the calculation methods for both may differ, these figures demonstrate Anthropic's ability to expand rapidly in the increasingly competitive AI market.