Karim Mattar(@MattarARK):Check out this weeks @ARKInvest newsletter on OpenAI's reported ARR! The ~$50B vs $70B gap comes down to how it's measured. OpenAI seems to report net of what cloud partners take, Anthropic reports gross, so headline numbers aren't apples to apples Even on the more conservative measure, ~$50B would be up 2.5x in nine months from $20B in December. Anthropic reported ~7x from December through July The IPO filings should give investors gross and net for both, and a real like-for-like comparison

Karim Mattar

@MattarARK

AI Research Associate @ARKInvest | AI, Cloud & Semis | Research x Automation | | Disclosure:

Joined September 2024

253 Following 7K Followers

Karim Mattar@MattarARK

2026.10.13 17:24

Check out this weeks @ARKInvest newsletter on OpenAI's reported ARR! The ~$50B vs $70B gap comes down to how it's measured. OpenAI seems to report net of what cloud partners take, Anthropic reports gross, so headline numbers aren't apples to apples Even on the more conservative measure, ~$50B would be up 2.5x in nine months from $20B in December. Anthropic reported ~7x from December through July The IPO filings should give investors gross and net for both, and a real like-for-like comparison