Summary
Short Sherwood News item reporting October 2025 ARR figures for Anthropic: $7B ARR current, $9B ARR projected by year-end. Anthropic tripling 2026 revenue targets to $26B. Series F: $13B at $183B valuation. OpenAI comparison: $13B ARR target.
Key Points
- Anthropic ARR: $7B as of October 2025 (up from $5B target in September)
- Projected year-end 2025: $9B ARR
- 2026 revenue target: nearly tripling to as much as $26B
- Series F: $13B raised; valuation $183B
- Growth driver: enterprise AI tools, specifically Claude Code
- OpenAI target: $13B ARR (per The Information)
Newsletter Angles
- The revenue acceleration makes Zitron’s August skepticism look premature — but the ARR caveat still applies; actual booked revenue is likely a fraction of these figures
- Claude Code as a growth driver is interesting: it’s developer tooling, not consumer AI. Anthropic may be winning enterprise while OpenAI wins consumer
Entities Mentioned
Concepts Mentioned
- Tech-State Conflict — commercial success context for the political conflict with Trump administration
Notes
Very thin source — primarily useful as a data point to update the Anthropic entity page. Pairs with the Zitron analysis for a more complete picture.