# Rubbish Check: Anthropic tells investors annualized revenue run rate climbed to $65 billion in July > Source: > Published: 2026-08-17 23:02:56+00:00 Rubbish Check CNBC Top News · 17 August 2026 [source](https://www.cnbc.com/2026/08/17/anthropic-says-annualized-revenue-climbed-to-65-billion-in-july.html) # “Anthropic tells investors annualized revenue run rate climbed to $65 billion in July” R2/ 10 Lightly altered Rubbish Rating — **1 = base fact, 10 = pure rubbish** 12345678910 In short Rubbish Talk rates CNBC's headline that "Anthropic's run rate climbed to $65 billion in July" a 2/10 because the figure, the metric name, and the sourcing all match Bloomberg's original report and Anthropic's own investor disclosures, with only the run-rate-versus-actual-revenue gap left for the body text to explain. The Verdict Lightly altered, close to base fact. CNBC uses the precise technical term "annualized revenue run rate" rather than just "revenue," which correctly signals this is a projection, not booked income, and the headline accurately attributes the claim to an investor update rather than stating it as independently confirmed fact. ## What actually happened Anthropic told investors over a weekend update that its annualized revenue run rate hit $65 billion at the end of July. Anthropic's annualized revenue run rate hit $65 billion at the end of July, CNBC confirmed on Monday, a sevenfold increase from a year ago. Bloomberg broke the figure first; CNBC independently confirmed it via sources. The disclosure lands as the company prepares for a potential IPO after confidentially filing its prospectus in June. ## Key facts - The run rate hit $65 billion at the end of July, a sevenfold increase from a year ago. - Run rate rose from a prior disclosure: Anthropic disclosed $47 billion in run-rate revenue as of mid-May 2026, per the May 28 Series H announcement. - Actual (not annualized) quarterly revenue was far smaller than the headline figure: Anthropic generated more than $11.5 billion in preliminary revenue in the second quarter, more than 14 times what it generated in the same quarter last year and more than double Q1 revenue of $4.73 billion, a sequential increase of more than 140%. - Rival comparison: OpenAI's latest revenue run rate hit $40 billion, according to a message shared internally by co-founder Greg Brockman last week. - Methodology caveat flagged by a source close to the deal: the two companies may not measure revenue the same way. ## What to watch for Run rate is a single month multiplied by twelve, not audited annual revenue; watch for whether the eventual S-1 shows actual trailing-twelve-month revenue tracking anywhere near $65 billion or well below it, as happened with prior AI "run rate" disclosures. Also watch whether outlets keep comparing Anthropic's and OpenAI's run rates as apples-to-apples given the flagged measurement differences. About this scoreThe R-Score is Rubbish Talk's editorial opinion on how far a headline's framing sits from what the underlying facts support. It is a judgement about presentation and emphasis, not an allegation that any outlet has acted dishonestly. Every figure we rely on is linked under Receipts so you can check it yourself.