Is Anthropic really worth more than Samsung on 2% of the revenue?
Partly. A viral X post from @leshka_eth on October 4, 2026 says Anthropic is valued at $2 trillion and Samsung at $1.35 trillion, while Anthropic made $4.6 billion in 2025 revenue against Samsung's $236 billion. The two revenue numbers hold up. The Samsung market value is close. But $2 trillion is not Anthropic's current valuation. It is what some investors reportedly expect at a future IPO. Anthropic's last priced round, in May 2026, valued it at $965 billion.
- Anthropic's last private valuation: $965 billion (Series H, May 2026).
- The $2 trillion figure: an investor expectation for the planned IPO, reported by the Financial Times; Anthropic has not set a target.
- 2025 revenue: about $4.6 billion, per prospectus figures reported by Reuters. Its current annualized run-rate is far higher.
- Samsung: roughly $1.3 trillion market cap in early October 2026, and KRW 333.6 trillion (about $236 billion) in 2025 revenue.
- For small businesses: the money flowing into AI keeps tools improving and prices competitive, but vendor risk is real. Avoid lock-in.
This article explains public reporting. It is not financial or investment advice.
Post credit: video and post by Leshka.eth ⛩ (@leshka_eth) on X, published October 4, 2026 (2.7 million views and 60,000 likes when we wrote this). View the post on X. All rights to the video belong to its creator; we embed it with X's standard embed and add our own commentary.
Which numbers in the viral post are right?
| Claim in the post | What sources say | Verdict |
| Anthropic valuation: $2 trillion | Last priced round: $65 billion Series H at a $965 billion post-money valuation on May 28, 2026 (TechCrunch). The $2 trillion figure comes from investors who expect it at the IPO, reported by the Financial Times; senior executives have not set a target (The Next Web) | Misleading: an expectation, not a valuation |
| Samsung valuation: $1.35 trillion | Samsung Electronics passed $1 trillion in market value in May 2026 (CNBC) and was about $1.29 to $1.30 trillion in early October (StockAnalysis). Totals vary with share class and exchange rate | Roughly right |
| Anthropic 2025 revenue: $4.6 billion | Reuters, which reviewed the IPO prospectus, reported nearly $4.6 billion in 2025 revenue, about 12 times 2024, with an operating loss above $8 billion (The Motley Fool, citing Reuters) | Accurate as reported; Anthropic has not published the prospectus |
| Samsung 2025 revenue: $236 billion | KRW 333.6 trillion in full-year 2025 revenue (Samsung Newsroom), which is roughly $230 to $240 billion depending on the exchange rate | Accurate |
One more detail the post leaves out: Samsung is one of Anthropic's investors. TechCrunch lists Samsung, SK Hynix, and Micron among the participants in the Series H round, alongside Amazon.
Why does Anthropic's revenue look so small next to its valuation?
Because the post compares a full past year with a forward-looking price. Investors don't value Anthropic on 2025. They value it on how fast revenue is growing now and where they think it will be in a few years.
Two terms get mixed up a lot:
- Revenue is money actually recognized over a period, such as calendar 2025.
- Annualized run-rate takes recent revenue, often one month, and multiplies it to a full year. It shows current speed, not money already earned.
For a company growing this fast, the two diverge sharply. TechCrunch reported that Anthropic's run-rate crossed $47 billion in May 2026, and later reports put it at $65 billion by July. When Anthropic filed confidentially for its IPO on June 1, Fortune reported it expected about $10.9 billion of revenue in the second quarter of 2026 alone (Fortune). The Financial Times reported that backers expect a run-rate of $100 to $120 billion by the end of 2026.
Here is how the multiples change depending on which number you use. These are simple ratios, not forecasts:
| Comparison | Approximate multiple |
| $2 trillion IPO expectation / $4.6B 2025 revenue | About 435x |
| $965B Series H valuation / $47B May 2026 run-rate | About 20x |
| $2 trillion / $100B projected year-end run-rate | About 20x |
| Samsung ~$1.3T market cap / ~$236B 2025 revenue | About 5.5x |
The viral post uses the first line. Bulls point to the last three. Both are arithmetic; the disagreement is about whether the growth continues.
Is this an AI bubble or real growth?
Reasonable people disagree, and nobody knows yet. The main arguments:
| The bubble case | The growth case |
| Anthropic's reported 2025 GAAP net loss was about $42 billion, though roughly $34 billion of it was an accounting charge on financing instruments, not cash spent (The Motley Fool) | Revenue grew about 12x in 2025, and run-rate numbers kept rising through 2026 |
| Reported future cloud and compute commitments of about $518 billion are huge fixed obligations | Reports say Anthropic reached adjusted operating profit in recent quarters |
| Investor expectations are not prices; a $2 trillion IPO would set a record | Samsung's own rally comes largely from selling memory chips to AI companies, so demand is showing up in suppliers too |
| Competition from OpenAI, Google, and open-source models could squeeze prices | Business customers are paying for AI tools in volume today |
Samsung and Anthropic are also different kinds of businesses. Samsung makes physical products in factories with thinner margins. Anthropic sells software and API access. Comparing them on revenue alone ignores growth rates and margins, which is exactly why the post grabs attention.
As of October 6, 2026, Anthropic is still a private company. Reports put its listing later this fall, but timing has shifted before.
Why did this post go viral?
- A simple, shocking ratio. Four numbers make the gap obvious without any context.
- Timing. It landed days after Reuters reported the prospectus figures and weeks before an expected IPO.
- Everyone can take a side. Skeptics share it as proof of a bubble; believers share it to argue about run-rates.
- A familiar benchmark. Most people own a Samsung device, so the comparison feels concrete.
What does the AI investment boom mean for small businesses?
You don't need a view on Anthropic's IPO to run your business. But the money pouring into AI does affect the tools you use.
- Prices. Heavy competition has kept AI tools capable and relatively affordable. That can change if investors push for profits, so don't assume today's pricing is permanent.
- Reliability. Rapid growth strains capacity. Outages and rate limits happen, so critical workflows need a fallback, such as a human handoff.
- Vendor choice. Prefer tools that can switch between AI models and let you export your data. If one provider raises prices or changes terms, you can move.
- Focus on outcomes. Judge an AI tool by work completed, like calls answered or leads followed up, not by its maker's valuation.
If cost is the main concern, compare per-task prices in our breakdowns of GPT-6.1 Sol and Claude Sonnet 5.5.
Where does Dooza fit?
Dooza is an AI-native company that builds AI products and services for small businesses, from the Dooza Workforce app to the Dooza Agents platform. Every product starts with a refundable pilot: 100% refund within 14 days.
Dooza doesn't build frontier models, and this post isn't a pitch for any model maker. Dooza's products sit on top of AI models and turn them into work. Dooza Workforce gives you ready-made AI employees: Maily for email, Somi for social media, Ranky for SEO and AI visibility, Stan for lead generation, Linda for legal documents, and Rachel for phone calls. Dooza Agents are custom agents that Dooza engineers build and maintain around your workflows, with your approval on anything sensitive.
Common starting points are an AI receptionist, AI customer support, and workflow automation. To choose your first workflow, read how to automate business processes or AI agents vs agentic AI. Pricing depends on the product and is on our pricing page.
Want AI that pays off in your business, whatever the valuations do?
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