ETtech Explainer: Anthropic’s rapid rise, Pentagon standoff and everything in between

Anthropic is nearing $20 billion in annual revenue, more than doubling its run rate since late 2025, driven by strong adoption of AI products like Claude Code. Claude’s website visits and app rankings surged during its Pentagon clash. CEO Dario Amodei called the government’s actions “retaliatory and punitive”, when it called Anthropic a supply-chain risk.