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May 28, 2026
Anthropic Revenue Hits $45B ARR, Surpasses OpenAI by 35% Ahead of IPOs
Anthropic's annualized revenue has reached nearly $45 billion — 35% higher than OpenAI's $33 billion ARR — as both companies race toward IPOs later this year. The revenue gap comes alongside Anthropic's first-ever quarterly operating profit of $559 million.
May 21, 2026
Anthropic Hits First-Ever Profit as Revenue Doubles to $10.9B
Anthropic is on track for its first quarterly operating profit in company history, projecting $10.9 billion in Q2 2026 revenue — more than double the prior quarter — with $559 million in operating income. The milestone comes as the startup commits $1.25 billion monthly to SpaceX for AI compute through 2029.
Apr 20, 2026
Snap Inc. Lays Off 1,000 Employees in Major AI Shift
Snap Inc. cuts 1,000 jobs, citing AI advancements as the driver. This strategic shift could save over $500 million annually by 2026. Shares jump 8% post-announcement.