Anthropic’s business plan: Build God or die trying

Anthropic's business plan relies on rapid growth to meet its fixed costs, and it has spent heavily on compute to achieve this. The company's revenue grew 14x to $16.3 billion between 2025 and 2026, with an adjusted income of $1.62 billion in the first half of 2026. Anthropic's S-1 filing suggests that the company is pinning its future on dramatic growth, but this may be unsustainable if the company's AI model, Claude, cannot improve quickly enough to justify its costs. The company has not released an AI image generator or a rival to OpenAI's DALL-E, and it names only OpenAI and Google as its main competitors.