Humanity, an artificial intelligence developer, makes around $3 billion in annual revenue, according to two sources familiar with the issue in early verification of generative AI use in the business world.
The milestone forecasting the company’s current revenue over the year is a massive surge since December 2024, when metrics fell close to $1 billion, sources said. The figure exceeded $2 billion around the end of March and reached $3 billion at the end of May, one source said.
Consumers are embracing rival Openai’s ChatGPT, but many companies are limiting their deployment to experimentation despite board-level interest in AI. The rapid rise in human revenues is a data point that shows how business demand is growing, mainly because AI models are being sold as services to other companies, one source said.
The important driver is code generation. Backed by Google Parent Alphabet and Amazon.com, the San Francisco-based startup is known for its excellent computer programming AI. The so-called Cordgen Space products have experienced significant growth and adoption over the last few months, and often utilize human models.
This demand is artificially set among software as a service vendors. A single quarter revenue growth would count humanity as the fastest growing SaaS company at least one venture capitalist has ever seen.
“We’ve seen IPOs for over 200 public software companies, and this growth never happened,” says Alex Clayton, a general partner at Meritech, not a human investor and has no internal knowledge of its sales.
He warned that these comparisons are not entirely accurate as humanity has consumer revenues through subscriptions to the Claude Chatbot. Still, by contrast, publicly traded SaaS Company Snowflake went from $1 billion to $2 billion in revenues at such run-rates, Clayton said.
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Openai, a human competitor, is forecasting that it will close 2025 with a total revenue of over $12 billion, up from $3.7 billion last year, three people familiar with the issue said. This total revenue differs from estimated annual figures like humanity. Reuters were unable to determine this metric for Openai.
The two rivals seem to have established their own swimming lanes. Both offer business and consumer products, but Openai is becoming a consumer-oriented company, with the majority of its revenue coming from subscriptions to ChatGPT chatbots, Openai’s chief financial officer, Sarah Friar, told Bloomberg late last year.
Openai does not report enterprise-specific revenue, but in May, paying seats for ChatGPT Enterprise products increased from 2 million in February to 3 million, with T-Mobile and Morgan Stanley being one of the companies’ customers.
In the consumer race, Anthropic’s Claude has fewer adoptions than Openai. According to Web Analytics Firm Simarweb, Claude, a proxy for consumer interest, had traffic about 2% of ChatGpt in April. Founded by a team that left Openai on vision differences in 2021, humanity closed its $3.5 billion fundraising earlier this year. This valued the company at $61.4 billion. Openai is currently valued at $300 billion.
