Anthropic,developer of AI assistant Claude, expects annual revenues of USD 5 bn, but it relies heavily on two major customers that account for about a quarter of its revenue, leaving it at significant risk if it loses either of them.
The company dominates the AI programming tools market with 42% of the code generation market, ahead of OpenAI, which has 21%. Much of its revenue, around $1.2 billion, comes from partnerships with tools like Cursor and GitHubCopilot, but these relationships carry challenges, especially since GitHub is owned by Microsoft, OpenAI's largest investor.
OpenAI 's launch of GPT-5 at much lower prices puts pressure on Anthropic's premium pricing model, with Claude Opus 4 costing up to 50 times the cost of GPT-5 for some tasks, which could cause organizations to reevaluate their options.
While it is trying to expand into areas such as pharmaceuticals, aerospace, and legal services, the software tools market remains the centerpiece of its growth. With the addition of features such as automated code reviews, the company may have to lower its prices to meet the competition, which could put pressure on its margins and affect its funding round that could bring its valuation up to USD 170 bn.
Do you think Anthropic's prices can withstand the pressure of GPT-5? Let us know what you think.