Artificial intelligence startup Anthropic is projecting to more than double and potentially nearly triple its annualized revenue run rate next year, fueled by the rapid adoption of its enterprise products, according to two people familiar with the matter.

The company is on track to meet an internal goal of $9 billion in annual revenue run rate - a calculation of annual revenue extrapolated from the current sales pace - by the end of 2025, the people said. For 2026, Anthropic has set even more aggressive targets: a base case of more than doubling to $20 billion in annualized revenue and a best case of as much as $26 billion, the people said, requesting anonymity to discuss private figures.

Anthropic told Reuters its annual revenue run rate is approaching $7 billion this month, but declined to comment on future projections. The company has said its annual revenue run rate was more than $5 billion in August.

When I last checked at the end of May, they were at about $3 billion.

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Fueling the expansion is the uptake of enterprise products, which are built for organizations. Anthropic has more than 300,000 business and enterprise customers, which account for about 80% of its revenue.

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Also, they just signed a deal with Google to rent up to a million TPU's.