Hardly a tech conversation today goes by without mention of AI.
And when that is brought up, names like OpenAI, Anthropic, and even Google’s DeepMind come to the forefront.
How are these companies doing in terms of revenue and overall growth?
TL;DR
- OpenAI dominates total revenue, Anthropic is growing fastest
- DeepMind plays a different game from Google’s AI brain.
- The global AI market is expected to surge to $4.8 trillion by 2033, and Anthropic shows potential to become a revenue leader.
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | Company | 2024 Revenue | 2025 Revenue (Projected/Actual) | Growth Rate |
|---|---|---|---|---|---|---|---|---|
| 1 | Monica Ebunoluwa | 09/03/2026 01:54 PM | Monica Ebunoluwa | 09/03/2026 01:54 PM | OpenAI | $4 billion | $12.7 billion (projected year-end) $4.3 billion (actual H1 2025) | 3x YoY |
| 2 | Monica Ebunoluwa | 09/03/2026 01:54 PM | Monica Ebunoluwa | 09/03/2026 01:54 PM | Anthropic | $850 million to $1 billion | $9 billion ARR (projected year-end) $5 billion ARR (August 2025) | 5-9x YoY |
| 3 | Monica Ebunoluwa | 09/03/2026 01:54 PM | Monica Ebunoluwa | 09/03/2026 01:54 PM | DeepMind | $1.9 billion* | $1-3B (estimated) | - |
*DeepMind’s figures represent internal Google transfers, not purely external customer revenue.
This data comes from Epoch AI, supported by industry reports from publications such as The Information, Business Insider, The New York Times, and The Wall Street Journal.
ChatGPT’s expansion drives OpenAI’s rapid growth to 700 million weekly users, though the company continues to lose billions annually despite massive revenue growth.
Anthropic is experiencing explosive growth, going from essentially zero revenue in 2023 to potentially $9 billion by the end of 2025.
Around 70-75% of Anthropic’s revenue comes from enterprise API calls, with a strong focus on B2B, in contrast to OpenAI’s consumer-heavy model.
On the other hand, DeepMind’s revenue is harder to track because it’s fully integrated into Google/Alphabet.
Much of its “revenue” comes from internal Google services rather than external customers.
The estimates in our visualisation don’t include internally generated value, such as improvements to Google Search enabled by AI features, which could be worth billions more.
The bottom line is that OpenAI leads in absolute numbers. However, Anthropic is growing faster in percentage terms.
As a Google subsidiary, DeepMind operates differently, focusing more on research than on direct monetization, making direct revenue comparisons difficult.
What’ll Happen in the Next 10 years?
Generally, AI is projected to add $15.7 trillion to global GDP by 2030, while the global AI market is expected to surge from $189 billion in 2023 to $4.8 trillion by 2033.
OpenAI is leading in revenue ($12.7 billion projected for 2025) but burning billions. They spent $2.5 billion on R&D in 2024, with costs soaring to $6.7 billion in the first half of 2025.
On the other hand, Anthropic is experiencing the fastest growth (5-9x YoY) and is enterprise-focused, which could make it more sustainable.
It all boils down to 2026-2027. Will Anthropic surpass OpenAI in enterprise revenue?
In terms of profitability, Anthropic expects positive cash flow by 2028, while OpenAI continues to post massive losses.
Still, the company that will stand the test of time embraces Agentic AI.
The AI agents market is expected to grow to $52.6 billion by 2030, with a compound annual growth rate of around 45%.
Gartner projects that at least 15% of work decisions will be made autonomously by agentic AI by 2028, compared to 0% in 2024.
ELI5
OpenAI is the clear leader, on track to make $12.7 billion in 2025 (think of it as earning roughly $1 billion per month).
They’re profitable through ChatGPT subscriptions (20M+ paying users) and selling API access to businesses.
Anthropic (Claude’s maker) is the rocket ship, growing from $1 billion to potentially $9 billion in just one year, a 9x explosion.
They focus heavily on selling to enterprises rather than consumers, charging premium prices for their API.
Google DeepMind makes around $1-3 billion, but comparing it to others is tricky.
They’re owned by Google and power Google Search, Gmail, and other products that generate far more revenue than their direct revenue suggests.
Source:
Epoch AI (Supported by reports from The Information, Business Insider, NYT, and WSJ)