Anthropic tells investors annualized revenue run rate climbed to $65 billion in July

CNBC's Kate Rooney reports new financial details on Anthropic ahead of its IPO, including a $65 billion annualized revenue run rate in July, up about sevenfold year over year. She also outlines IPO timing, with Anthropic possibly listing as soon as early October while OpenAI may wait until Q1 2027. The discussion highlights Anthropic's growth and profitability but also flags competition, pricing pressure, and plateauing spend on priciest AI models. - Anthropic's annualized revenue run rate hit $65 billion at the end of July, up about 7x year over year. - Anthropic quarterly revenue was $11.5 billion, up 14x year over year, and profitable on an EBITDA basis. - Anthropic has filed confidentially and could list as soon as early October. - OpenAI's latest run rate was around $40 billion, but accounting differences make comparisons imperfect. - OpenAI appears less rushed and may target a Q1 2027 IPO, potentially benefiting from watching Anthropic trade. - Risks include competition, open-source and Big Tech pricing pressure, and plateauing spending on Anthropic's most expensive model. - Profitability and gross margins will be key areas investors focus on in IPO S-1 filings.