According to a document, AI chatbot Claude developer Anthropic is informing potential investors that its second-quarter revenue increased at least 14 times compared to the same period last year. The AI startup recorded preliminary revenue of over $11.5 billion in the latest quarter, compared to $787 million in the same period of 2025 and $4.73 billion in the first quarter of this year.

The document also indicates that Anthropic achieved positive adjusted operating profit in the second quarter of 2026. The relevant deliberations are still ongoing, and the data may be subject to revision. An Anthropic spokesperson declined to comment on this matter.

Amid this rapid revenue growth, the company is competing with its longtime rival OpenAI for enterprise clients. Once seen as a laggard in the AI race, Anthropic's software is now increasingly being adopted by professionals to streamline work processes such as coding.

Anthropic's annualized revenue run rate had already surpassed $47 billion by May. Reports indicate that OpenAI's annualized run rate exceeds $40 billion, though the calculation methods for the two may differ.

According to sources familiar with the matter, the company is meeting with investors in July for its potential mega IPO. Previous reports stated that Anthropic has confidentially filed for an IPO and is collaborating with Morgan Stanley, Goldman Sachs, and JPMorgan Chase to advance the listing process. Anthropic is seeking to leverage the ample financing capacity of the public market to maintain its lead over OpenAI and other competitors, as AI companies currently spend hundreds of billions of dollars developing cutting-edge models.

If completed this fall, Anthropic's IPO would not only beat OpenAI to the public market but also precede DeepSeek, the Chinese AI company that is steadily capturing more market share. According to insiders, DeepSeek is also preparing for an IPO, potentially filing as early as this year.

The AI race has ignited the IPO market. Data shows that for the year to date (excluding SPACs and other financial instruments), new stock listings have raised $256.4 billion, setting a new record for the highest single-year fundraising amount since 2021.