As of the end of July, Anthropic's annualized revenue has surpassed $65 billion, surging by 622.22% compared to the end of last year. Its revenue scale is approximately 1.63 times that of OpenAI, with second-quarter revenue alone skyrocketing 14 times year-on-year. The company's revenue primarily comes from API and enterprise businesses, accounting for about 80%, with Claude Code emerging as a new growth point. In May this year, Anthropic completed its Series H funding round, with its post-investment valuation soaring to $965 billion, surpassing OpenAI. Investors anticipate that Anthropic is poised to conduct an IPO in October this year, with an estimated valuation potentially reaching $2 trillion, which could make it the largest IPO in history. Meanwhile, the company expects its revenue to reach $190 billion to $200 billion by 2028. However, Anthropic also faces uncertainties regarding U.S. policy regulations and market controversies, with CEO Amodei responding to the controversies and proposing a regulatory framework. Currently, Anthropic's commercialization process is accelerating, but factors such as computing costs, profitability stability, and IPO expectations will become focal points of market attention. Its revenue competition with OpenAI is profoundly reshaping the competitive landscape of the global cutting-edge large model sector.