POPA ReconAnthropic vs OpenAI: The Race Before the IPOs
Anthropic vs OpenAI: The Race Before the IPOs Anthropic is heading for a mid-November IPO, and OpenAI is rushing to raise $30B at a $1.4T+ valuation before it lists. Here’s where they stand: • Valuation: $965B vs $852B (latest private rounds) • Revenue run-rate: $65B+ vs ~$50B Anthropic grew from a ~$1B run-rate to $65B+ in 18 months, driven by business and coding customers. In Q2 2026 it out-earned OpenAI for the first time: $11.6B vs $6.7B. OpenAI still dominates with consumers, although the two count partner revenue differently, so the figures aren’t fully like-for-like. Top 7 Perks |…
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