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Title: Does Anthropic's Success Prove Businesses are Ready to Adopt AI?

Link: https://slashdot.org/story/25/05/31/0344221/d...

AI company Anthropic (founded in 2021 by a team that left OpenAI) is now
making about $3 billion a year in revenue, reports Reuters (citing "two
sources familiar with the matter." The sources said December's projections
had been for just $1 billion a year, but it climbed to $2 billion by the end
of March (and now to $3 billion) - a spectacular growth rate that one VC says
"has never happened." A key driver is code generation. The San Francisco-
based startup, backed by Google parent Alphabet and Amazon, is famous for AI
that excels at computer programming. Products in the so-called codegen space
have experienced major growth and adoption in recent months, often drawing on
Anthropic's models. Anthropic sells AI models as a service to other
companies, according to the article, and Reuters calls Anthropic's success
"an early validation of generative AI use in the business world" - and a long-
awaited indicator that it's growing. (Their rival OpenAI earns more than half
its revenue from ChatGPT subscriptions and "is shaping up to be a consumer-
oriented company," according to their article, with "a number of enterprises"
limiting their rollout of ChatGPT to "experimentation." Then again, in
February OpenAI's chief operating officer said they had 2 million paying
enterprise users, roughly doubling from September, according to CNBC. The
latest figures from Reuters... Anthropic's valuation: $61.4 billion.OpenAI's
valuation: $300 billion.

Read more of this story at Slashdot.

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