AnalysisBusinessAugust 22, 2026

Gary Marcus warns Anthropic's ARR may be run rate, not recurring revenue

Gary Marcus cautions that Anthropic's reported ARR may be an annualized run rate, not annual recurring revenue, and may not recur after the collapse of tokenmaxxing as companies like AT&T turn to open-source models.

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Gary Marcus warns Anthropic's ARR may be run rate, not recurring revenue