OpenAI and Anthropic are both experiencing significant revenue growth, with OpenAI projected to reach a $5B annualized run rate by the end of 2024, primarily driven by ChatGPT subscriptions. Anthropic, on the other hand, draws most of its revenue from API services, notably through partnerships with platforms like Amazon's AWS. Both companies face substantial losses, highlighting the capital-intensive nature of the AI space. Distribution partnerships and API market competition are critical for their revenue streams.
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