Anthropic tells investors annualized revenue run rate climbed to $65 billion in July

Anthropic, an AI company that makes Claude (a large language model, or LLM, which is software trained on text to answer questions and generate responses), reported an annualized revenue run rate of $65 billion in July, representing sevenfold growth from the previous year. The company shared this figure with investors as it prepares for an initial public offering (IPO, or the process of selling shares of a private company to the public). Anthropic's growth comes despite temporary disruptions, including a government-ordered suspension of two of its advanced models in June for national security reasons.