Anthropic Q1 revenue surges 80-fold, exceeding company expectations.

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Anthropic's Q1 revenue surged 80-fold, driven by strong AI usage and demand for Claude Code. CEO Dario Amodei revealed the company is now exploring altcoins to watch as it expands. Annualized revenue reached $30 billion by April 2026, with computing power shortages prompting 10-gigawatt deals with Amazon and Google. xAI’s Colossus 1 data center in Memphis will also support growth. Amodei said the Fear & Greed Index remains elevated as the company races to secure additional capacity.

Huo Xing Cai Jing reports that on Wednesday at the Code With Claude developer conference in San Francisco, Anthropic CEO Dario Amodei said the company’s first-quarter revenue and customer AI usage surged 80-fold—an outcome far beyond expectations. He noted that the company had planned for a 10-fold annual growth rate, but the actual pace vastly exceeded projections, leading to severe compute capacity constraints. Anthropic’s annualized revenue rose from nearly $1 billion at the end of 2024 to $9 billion by year-end, and by early April this year, it had climbed to $30 billion. Strong demand for Claude Code and workflow agents enabled the company to nearly surpass its full-year forecast last month. To alleviate compute pressure, Anthropic signed agreements with Amazon and Google over the past month for a combined 10 gigawatts of compute capacity, and on Thursday announced it would utilize the full compute power of xAI’s first data center, Colossus 1, in Memphis, within the coming month. Amodei stated that the company will continue securing as much additional compute capacity as possible.

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