AIFinancial Times1h ago
SemiAnalysis estimates ~90% of Anthropic's business comes from agentic
SemiAnalysis estimates ~90% of Anthropic's business comes from agentic AI, while sources say nearly 25% of its revenue in 2025 came from just two clients
TL;DRAnthropic's revenue heavily relies on a few big agentic AI customers burning through budgets.
Why it matters: Concentrated revenue and unsustainable usage patterns threaten valuation assumptions before potential IPO.
Powerful AI tools burn through budgets, prompting a rethink of how the technology is priced ahead of frontier lab IPOs.
Read full articleSource: Financial Times · Opens in new tab