#anthropicq2revenueroseover14fold THIS IS ABSOLUTELY RIDICULOUS.
OpenAI and
Anthropic
are losing money on every dollar they make.
OpenAI generated $20 billion in
revenue in 2025 and is projected to lose $14
billion in the same year.
Internal forecasts project cumulative losses hitting $44 billion by 2028.
The company's own CFO warned executives in April 2026 that OpenAI might struggle to finance upcoming computing deals if revenue growth slows.
Anthropic reached $4.3 billion in annualized revenue in April 2026 against $19 billion in total costs.
It spends $3 to make $1, and is not expected to stop burning cash until 2027.
Now look at what these two companies have committed to spend.
OpenAI and Anthropic together have committed $1.05 trillion in cloud spending to Microsoft, Oracle, Google and Amazon, making up 43 to 54% of each provider's entire future revenue backlog.
- Microsoft: $627B total backlog. OpenAI and Anthropic account for 49%.
- Oracle: $553B total backlog. OpenAI alone accounts for 54%.
- Google: $467.6B total backlog. Anthropic accounts for 43%.
- Amazon: $464B total backlog. OpenAI and Anthropic account for 51%.
The entire cloud industry's future revenue is a bet on two companies losing billions every quarter.
Microsoft, Alphabet, Meta and Amazon are collectively expected to spend $725 billion in capex in 2026, almost entirely on AI infrastructure.
Combined hyperscaler capex from 2025 to 2027 is projected at $1.15 trillion, more than double what was spent from 2022 to 2024.
What is the return on all of this?
McKinsey's 2025 State of AI survey found that only a minority of companies reported AI meaningfully increased revenue or reduced costs.
Enterprise generative AI spending grew from $1.7 billion in 2023 to $37 billion in 2025 and most CIOs still describe their initiatives as pilots without clear ROI metrics.
Microsoft's AI business is running at a $37 billion annual revenue run rate with 123% year over year growth.
$BR $BTR $BARD
OpenAI and
Anthropic
are losing money on every dollar they make.
OpenAI generated $20 billion in
revenue in 2025 and is projected to lose $14
billion in the same year.
Internal forecasts project cumulative losses hitting $44 billion by 2028.
The company's own CFO warned executives in April 2026 that OpenAI might struggle to finance upcoming computing deals if revenue growth slows.
Anthropic reached $4.3 billion in annualized revenue in April 2026 against $19 billion in total costs.
It spends $3 to make $1, and is not expected to stop burning cash until 2027.
Now look at what these two companies have committed to spend.
OpenAI and Anthropic together have committed $1.05 trillion in cloud spending to Microsoft, Oracle, Google and Amazon, making up 43 to 54% of each provider's entire future revenue backlog.
- Microsoft: $627B total backlog. OpenAI and Anthropic account for 49%.
- Oracle: $553B total backlog. OpenAI alone accounts for 54%.
- Google: $467.6B total backlog. Anthropic accounts for 43%.
- Amazon: $464B total backlog. OpenAI and Anthropic account for 51%.
The entire cloud industry's future revenue is a bet on two companies losing billions every quarter.
Microsoft, Alphabet, Meta and Amazon are collectively expected to spend $725 billion in capex in 2026, almost entirely on AI infrastructure.
Combined hyperscaler capex from 2025 to 2027 is projected at $1.15 trillion, more than double what was spent from 2022 to 2024.
What is the return on all of this?
McKinsey's 2025 State of AI survey found that only a minority of companies reported AI meaningfully increased revenue or reduced costs.
Enterprise generative AI spending grew from $1.7 billion in 2023 to $37 billion in 2025 and most CIOs still describe their initiatives as pilots without clear ROI metrics.
Microsoft's AI business is running at a $37 billion annual revenue run rate with 123% year over year growth.
$BR $BTR $BARD