Anthropic revenue tied to two customers as AI pricing war threatens margins
1 min read
Summary
AI coding company Anthropic is set to be valued at $170bn and is expected to close a funding round shortly, but its success is heavily dependent on just two major customers that constitute almost 25% of its income, according to industry analysis.
Its Claude AI assistant, focused on developer tools, is used by big companies including United Airlines and Pfizer, but pricing pressure from Open AI’s GPT-5 could undermine its premium positioning.
Early comparisons show Claude costs roughly seven times more per million tokens than GPT-5, which could spark unavoidable pressure in contract negotiations for companies managing rapidly growing AI budgets.
Anthropic has captured 32% of overall enterprise large language model usage, ahead of OpenAI’s 25% and Google’s 20%.