Wild: Anthropic just passed OpenAI in revenue run rate. At $30 billion ARR, Anthropic is the fastest-growing software business of all time 😳

To put that into perspective, that’s 2x more than the annual revenue of Snowflake, Datadog, Cloudflare, MongoDB, & Databricks. Combined 🤯

Claude Code alone is at a ~$2.5B run rate in under a year.

It now also generates ~4% of all GitHub commits.

The numbers are just absurd:

→ $0 → $100M → $1B → $14B ARR in ~3 years

→ ~$11B added in run-rate… in a single month

→ 1,000+ enterprises now spending >$1M/year

→ $30B fresh capital at a $380B valuation

→ IPO prep reportedly underway for 2026

While others chased consumer virality, Anthropic went straight for enterprise codebases, recurring budgets, and workflows that teams can’t turn off.

And it shows in the monetization:

Fewer users than competitors, but dramatically higher spend per customer.

Sure, they’ll spend billions on training and compute.

But revenue is scaling fast enough that burn is shrinking relative to sales.

Oh, and Anthropic just locked in multi-gigawatt TPU capacity with Google and Broadcom for the coming years.

We thought AI would be a feature inside software.

Instead, it’s replacing parts of it.

If this trajectory holds, the biggest winners in AI won’t be the apps.

It will be those who own the A layer everything else runs on.

And right now, ClaudeOS is pulling ahead.