Comments on a possible new technology bubble continue to spread across the financial markets. Under these circumstances, the income statements of the two companies attracted attention. start-ups of artificial intelligence (AI) in Silicon Valley, which show different evolutions in the face of the advance of this revolutionary technology. Therefore, Anthropic is on track to reach profitability much earlier than its rival OpenAI, according to documents cited by The Wall Street Journal. Some emerging companies that compete in a scenario in which giants such as Meta and Alphabet also operate.
Thus, Anthropic, which is conquering users in the business field thanks to its capabilities chatbots Claude in programming and other areas, plans to reach the equalize (break-even point) for the first time in 2028. In this sense, the start has raised its growth forecast to between 13% and 28% for the next three years and expects to generate up to $70 billion in revenue in 2028, up from nearly $5 billion this year, according to a report released last week by The information.
By contrast, OpenAI expects its operating losses that year to rise to $74 billion, a figure that represents about three-quarters of its revenue, due to increased spending on computing, especially infrastructure development, including chips and data centers. Furthermore, according to the report cited by the WSJ, the company that created the popular ChatGPT expects to consume about 14 times more cash than Anthropic before turning a profit in 2030. Similarly, OpenAI expects lower profit margins than its competitor on sales over the next five years.
Anthropic, backed by Amazon and Alphabet, expects business demand for its artificial intelligence models to drive its growth. THE start expects its 2025 revenue from selling access to its AI models via an application programming interface (API) to roughly double the revenue OpenAI generates from selling APIs.
In this sense, OpenAI has developed a business plan to generate new revenues and meet its spending commitments, which exceed one trillion dollars in the next five years, after its multiple agreements with technology giants such as Oracle, AMD, Broadcom or Nvidia, and which have raised doubts among investors due to the effect of the activities of some companies on others. In fact, while Nvidia agreed to invest 100 billion dollars over the next few years in OpenAI, the latter closed an agreement that opened the doors to taking up to 10% of AMD’s capital.
OpenAI’s plans include exploring contracts with governments; purchasing tools, an area in which OpenAI has entered into a broad alliance with WalMart; new video services; online advertising; technological solutions for companies; consumer hardware, with AI devices designed by Jony Ive (added last spring after the purchase of his company io, for $6.5 billion); become a supplier of computers and services cloud through the Stargate data center project, in which it participates, among others, with Oracle and SoftBank. In any case, the ambitious plans reflect its co-founder Sam Altman’s dream of transforming OpenAI into a multibillion-dollar technology giant, powered by artificial intelligence.
For now, both companies have concentrated huge resources with multimillion-dollar financing rounds, in which the main investors participated, who are confident of making their bets on AI-related businesses profitable.
In March, OpenAI closed a $40 billion funding round, led by SoftBank (which this week reaffirmed its commitment to the company), at a valuation of $300 billion. This autumn it closed a process of selling shares of employees and former workers to investment groups, for 6,400 million, with a valuation of 500,000 million, which places the company in first place start the most valuable in the world, ahead of SpaceX, Elon Musk’s space services company, and ByteDance, parent company of TikTok; and the Anthropic itself. And there is already talk of a future IPO with a billion valuation.
Anthropic, for its part, completed a $13 billion Series F round in early September, led by Iconiq, Fidelity and Lightspeed Venture Partners, at a valuation of $183 billion. A large part of the financial elite of the United States, the Middle East and Asia participated in the operation: Altimeter, Baillie Gifford, BlackRock funds, Blackstone, Coatue, D1 Capital Partners, General Atlantic, General Catalyst, GIC, Goldman Sachs, Insight Partners, Jane Street, Ontario Teachers Pension Plan, Qatar Investment Authority, TPG, T. Rowe Price Associates, WCM Investment Management and XN.
