So here’s where things stand…
Anthropic hit $16.8B in Q3, yet its spend via ramp has jumped significantly in October
At the same time, OpenAI growing considerably fast in Q3, close to matching Anthropic
Plus, we have SpaceX and Google showing up
Not to mention, agent revenues like GrokBot, Muse or Dots won’t show up here as that usage is in the companies own harness
So my best guess is Anthopic sits above $70B ARR today, OpenAI is likely $60B-$70B and xAI, Muse and others are around $10B ARR
So let’s say we’re close to $140B-$145B with 2.5 months left in the year
All of this while agent use cases are gaining traction and accelerating within the last month.. a big reason why revenues across all the AI companies are growing again
Hard to see us not hit $200B ARR by the end of the year across Anthropic, OpenAI, SpaceX and Meta
Meanwhile, compute companies are down 10-15% on the day
Seem extremely irrational…
I’d say the market is giving us another incredible buying opportunity here