Kate Clark

They grew bigger.

80 times more in the first quarter than they anticipated, which has created a lot of bottlenecks for them.

So what they need to do is continue to sign new computing contracts with Google, with Amazon, with whoever.

This is a very tricky question.

The greatest data point is users, but the two companies don't share the exact same metrics.

There was some new data released from a corporate card startup called Ramp that tracks AI adoption across its customers.

So for the first time in their data set, more of their customers are adopting Anthropic.

Which is very interesting because Anthropic is in discussions to raise a new round of capital and has received offers at a $900 billion plus valuation, which would mean that it has a larger valuation than OpenAI.

Of course, ChatGPT, the chatbot, still has far more users than Anthropic's cloud.

But Anthropic has a huge lead with enterprise users over OpenAI, and that is where the real money in this industry is coming from.

When did we start to see that shift happen for Anthropic?

In around November, December, they released a new model that was highly powerful and they really took a clear lead in the AI coding department, which has been a huge area of growth for these companies.

Over the last six months, we've just seen them consistently pull ahead in the enterprise area again because of that AI coding tool, Cloud Code, that has been such a hit.

So according to Sensor Tower, for the first time on March 2nd, Claude actually surpassed ChatGPT in U.S.

weekly downloads.

That was the only time that's happened.

And since then, ChatGPT has remained the far more downloaded app.

But you could see that that saga did have a clear impact.

The investors didn't necessarily love that situation, but it really did build a sense of brand loyalty amongst a lot of people.

So what does Anthropic have to do to stay in the lead?