193 AI Monetization – API & Generative Search = Anthropic Annualized Revenue +20x to $2B in Eighteen Months Anthropic: API & Generative Search – 9/23-3/25, per Reuters, Bloomberg & CNBC Source: Anthropic; Reuters, ‘Anthropic forecasts more than $850 mln in annualized revenue rate by 2024-end – report’ (12/23) (link); Bloomberg, ‘Anthropic Finalizes Megaround at $61.5 Billion Valuation’ (3/25) (link); CNBC, ‘Anthropic closes $2.5 billion credit facility as Wall Street continues plunging money into AI boom’ (5/25) (link) We’ve developed Claude 3.7 Sonnet with a different philosophy from other reasoning models on the market. Just as humans use a single brain for both quick responses and deep reflection, we believe reasoning should be an integrated capability of frontier models rather than a separate model entirely. This unified approach also creates a more seamless experience for users… …we’ve optimized somewhat less for math and computer science competition problems, and instead shifted focus towards real-world tasks that better reflect how businesses actually use LLMs. - Anthropic Press Release, 2/25 Annualized Revenue, $B AI – New Entrants = Rapid Revenue Growth $0 $1 $2 9/23 12/23 3/24 6/24 9/24 12/24 3/25 6.4x / Year Annualized Revenue ($B)