Anthropic's annualized revenue run rate has surged past OpenAI's, reaching $30B in April 2026 with projections targeting $45B by late Q2, driven by enterprise AI adoption.

Cheaper AI models from Chinese and Western rivals are eroding OpenAI and Anthropic's pricing power, raising questions about their sky-high IPO valuations.

Anthropic's potential to have the second-best AI model by May 2026 rises to 96.4% YES amid competition from cheaper models, while OpenAI's chance is just 0.8% Y