Gary Marcus Questions Anthropic's $100B+ Revenue Projections Amid Rising Competition

GaryMarcus · x · 2026-07-30

Gary Marcus pushes back against Dwarkesh's projection that Anthropic will earn $100-150 billion in revenue this year, calling the estimates overoptimistic.

He argues that Anthropic's previous massive quarters were driven by a peak in token usage before facing strong headwinds from competitive Chinese models like Kimi K3 and GLM 5.2. Furthermore, he finds comparisons to Elon Musk's companies misleading, noting that even $150B in revenue would not place Anthropic in the top 25 US companies by revenue.

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