OpenAI's Q1 revenue was $5.7 billion, beating Anthropic (2 minute read)

# Report: OpenAI’s Q1 revenue was $5.7 billion, beating Anthropic Source: [https://sherwood.news/tech/report-openais-q1-revenue-was-5-7-billion-beating-anthropic/](https://sherwood.news/tech/report-openais-q1-revenue-was-5-7-billion-beating-anthropic/) [](https://sherwood.news/) [](https://sherwood.news/tech/)The neck\-and\-neck race between OpenAI and Anthropic as the AI companies barrel toward their expected IPOs this year is shaking out some internal numbers for would\-be investors to ponder\. The Information is reporting that OpenAI’s first\-quarter revenue was ~$5\.7 billion, about $1 billion ahead of Anthropic’s revenue for the same period\. The Wall Street Journal[recently reported](https://www.wsj.com/tech/ai/mind-blowing-growth-is-about-to-propel-anthropic-into-its-first-profitable-quarter-7edbf2f4)that Anthropic is on course to more than double its first\-quarter revenue of $4\.8 billion to $10\.9 billion in the second quarter\. It is not known what OpenAI is projecting for Q2\. Recently, The New York Times reported that Anthropic’s current fundraising round seeking to raise between $30 billion and $50 billion comes with a valuation of up to $950 billion,[putting it ahead](https://sherwood.news/tech/anthropic-in-talks-for-funding-at-a-valuation-as-high-as-950-billion-which-would-make-it-bigger-than-openai/)of OpenAI’s latest reported valuation of $850 billion\. The Wall Street Journal[recently reported](https://www.wsj.com/tech/ai/mind-blowing-growth-is-about-to-propel-anthropic-into-its-first-profitable-quarter-7edbf2f4)that Anthropic is on course to more than double its first\-quarter revenue of $4\.8 billion to $10\.9 billion in the second quarter\. It is not known what OpenAI is projecting for Q2\. Recently, The New York Times reported that Anthropic’s current fundraising round seeking to raise between $30 billion and $50 billion comes with a valuation of up to $950 billion,[putting it ahead](https://sherwood.news/tech/anthropic-in-talks-for-funding-at-a-valuation-as-high-as-950-billion-which-would-make-it-bigger-than-openai/)of OpenAI’s latest reported valuation of $850 billion\. [](https://sherwood.news/tech/)The $11\.8 billion German company could be particularly vulnerable to a takeover right now, with its CEO having recently stepped down following pressure from activist investors to sell off assets\. A full acquisition would give Uber a massive foothold in over 60 countries to combat DoorDash’s European\-focused Wolt unit\. Uber has been involved in a lot of deal\-making of late, mostly in the[autonomous vehicle space](https://sherwood.news/tech/uber-which-exited-self-driving-in-2020-is-now-at-the-center-of-the-robotaxi/), where it now has more than 30 partnerships globally\. Uber extended its losses on the news and is currently down around 1\.7%\. The $11\.8 billion German company could be particularly vulnerable to a takeover right now, with its CEO having recently stepped down following pressure from activist investors to sell off assets\. A full acquisition would give Uber a massive foothold in over 60 countries to combat DoorDash’s European\-focused Wolt unit\. Uber has been involved in a lot of deal\-making of late, mostly in the[autonomous vehicle space](https://sherwood.news/tech/uber-which-exited-self-driving-in-2020-is-now-at-the-center-of-the-robotaxi/), where it now has more than 30 partnerships globally\. Uber extended its losses on the news and is currently down around 1\.7%\. [](https://sherwood.news/tech/) [](https://sherwood.news/tech/)After that incident, Waymo instituted an “interim remedy” to make the vehicles “exclude additional operating conditions that present an elevated risk of encountering a flooded, higherspeed roadway,” but added that it was still “developing the final remedy for this recall\.” As we’ve[noted](https://sherwood.news/tech/robotaxis-actually-rule/), Waymo has mostly kept its rollout — now[public in 11 cities](https://sherwood.news/tech/alphabets-waymo-to-add-200-square-miles-of-coverage-area-to-existing-markets/)— to more temperate climates, as severe weather poses more challenges to autonomous vehicles\. After that incident, Waymo instituted an “interim remedy” to make the vehicles “exclude additional operating conditions that present an elevated risk of encountering a flooded, higherspeed roadway,” but added that it was still “developing the final remedy for this recall\.” As we’ve[noted](https://sherwood.news/tech/robotaxis-actually-rule/), Waymo has mostly kept its rollout — now[public in 11 cities](https://sherwood.news/tech/alphabets-waymo-to-add-200-square-miles-of-coverage-area-to-existing-markets/)— to more temperate climates, as severe weather poses more challenges to autonomous vehicles\. [](https://sherwood.news/tech/)But as the role of inference has shifted to a top priority, with companies focusing on actually running models to make money, they’ve started shopping around, buying chips tailored for the task, and in some cases decided to make their own\. Additionally, Anthropic has become something of a victim of its own success at rolling out products that can be quickly adopted by enterprise clients\. That rapid, wide\-scale adoption has revealed significant[compute constraints](https://sherwood.news/markets/alphabet-gains-on-report-that-anthropics-committed-to-spending-200-billion-on-cloud-services-over-the-next-five-years/)\. Anthropic is now, effectively, looking for any and all compute capacity it can find, striking deals with[CoreWeave](https://sherwood.news/markets/coreweave-strikes-deal-with-athropic-to-rent-data-center-capacity-to-power/),[Amazon](https://sherwood.news/markets/amazon-to-invest-usd5-billion-in-anthropic-as-the-claude-developer-plans-to-spend-more-than-usd100-billion-on-aws-technology-over-next-decade/),[Google and Broadcom](https://sherwood.news/markets/anthropic-revenue-run-rate-30-billion-google-broadcom-partnership/), and[even xAI](https://sherwood.news/tech/anthropic-adds-xai-compute-deal-to-string-of-partnerships/)\. [Amazon](https://robinhood.com/us/en/stocks/AMZN/?source=sherwood)and[Google](https://robinhood.com/us/en/stocks/GOOGL/?source=sherwood)have both seen hot demand for their custom inference chips\. But Microsoft is still trying to get its custom Maia chips into the mix, after encountering delays\. If Microsoft lands Anthropic as a customer for its Azure\-based Maia computing services, it could open the door for other companies seeking another option for meeting the sky\-high demand for AI inference, as agentic models gobble up trillions of tokens\. But as the role of inference has shifted to a top priority, with companies focusing on actually running models to make money, they’ve started shopping around, buying chips tailored for the task, and in some cases decided to make their own\. Additionally, Anthropic has become something of a victim of its own success at rolling out products that can be quickly adopted by enterprise clients\. That rapid, wide\-scale adoption has revealed significant[compute constraints](https://sherwood.news/markets/alphabet-gains-on-report-that-anthropics-committed-to-spending-200-billion-on-cloud-services-over-the-next-five-years/)\. Anthropic is now, effectively, looking for any and all compute capacity it can find, striking deals with[CoreWeave](https://sherwood.news/markets/coreweave-strikes-deal-with-athropic-to-rent-data-center-capacity-to-power/),[Amazon](https://sherwood.news/markets/amazon-to-invest-usd5-billion-in-anthropic-as-the-claude-developer-plans-to-spend-more-than-usd100-billion-on-aws-technology-over-next-decade/),[Google and Broadcom](https://sherwood.news/markets/anthropic-revenue-run-rate-30-billion-google-broadcom-partnership/), and[even xAI](https://sherwood.news/tech/anthropic-adds-xai-compute-deal-to-string-of-partnerships/)\. [Amazon](https://robinhood.com/us/en/stocks/AMZN/?source=sherwood)and[Google](https://robinhood.com/us/en/stocks/GOOGL/?source=sherwood)have both seen hot demand for their custom inference chips\. But Microsoft is still trying to get its custom Maia chips into the mix, after encountering delays\. If Microsoft lands Anthropic as a customer for its Azure\-based Maia computing services, it could open the door for other companies seeking another option for meeting the sky\-high demand for AI inference, as agentic models gobble up trillions of tokens\. ### Latest Stories Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc\., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc\., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U\.K\. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc\., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles\.