OpenAI and Anthropic clash over how revenue is counted
The Reddit post says OpenAI disputed how Anthropic reports its revenue. It says Anthropic counts gross revenue from customers, while OpenAI reports net revenue after payments to partners such as Microsoft. The post says Anthropic filed for an IPO on June 1, 2026, and OpenAI filed on June 8, 2026.
Key points
- OpenAI claims Anthropic’s revenue may look larger because of how it is counted.
- The main issue is gross revenue versus net revenue.
- The post says both companies filed for an IPO in early June 2026.
- The post says OpenAI is aiming for a valuation of about $1 trillion.
- The post says it is not yet clear whether the SEC has weighed in.
Quick term guide
- dispute
- A formal way to ask a shopping site to step in and help you get a refund when a seller makes a mistake.
- revenue
- Revenue is the money a business earns before taking out costs.
- gross revenue
- The full amount customers pay before subtracting partner payments or other pass-through costs.
- net revenue
- Revenue counted after subtracting certain payments owed to partners.
- features
- The different tools or functions built into a software application.
- Solo makers
- People who build and launch their own products or services entirely on their own.
- business
- An activity where you provide value to others in exchange for money.
- valuation
- The amount investors think a company is worth.