Anthropic projects $70B revenue by 2028

PLUS: Gemini creates presentations from prompts & Sora hits Android. Perplexity battles Amazon, Michael Burry bets $1.1B against AI bubble.

In today’s agenda:

1️⃣Anthropic expects $70B revenue by 2028, outpacing OpenAI

2️⃣ Gemini Canvas now generates complete presentation decks from single prompts

3️⃣ OpenAI's Sora video generator finally launches on Android devices

  • Perplexity accuses Amazon of bullying over AI shopping agents

  • Michael Burry places $1.1B bet against Nvidia and Palantir, signaling potential AI bubble concerns

MAIN AI UPDATES / 5th November 2025

🚀 Anthropic projects $70B revenue by 2028 🚀
Revenue growth trajectory puts Claude maker ahead of competition

Anthropic expects to reach $70 billion in annual revenue by 2028, with current API revenue projected at $3.8 billion this year—double OpenAI's current revenue. The company targets $20-26 billion in annual recurring revenue for 2026 and expects to be cash flow positive by 2028, while OpenAI anticipates losing $115 billion before reaching profitability in 2029. This aggressive growth projection positions Anthropic as a serious challenger in the AI race.

🎨 Gemini creates presentations from prompts 🎨
AI-powered slideshow generation arrives in Canvas mode

Google's Gemini Canvas mode now generates complete presentation decks from scratch with simple text prompts. Users can upload project notes or materials and refine slides using follow-up prompts, making professional presentations accessible through conversational AI. The feature represents Google's push into productivity workflows traditionally dominated by PowerPoint and similar tools.

📱 Sora hits Android devices 📱
Hyperrealistic video generation now accessible to millions more users

Sora is now available on Android devices, making hyperrealistic video generation capabilities accessible to millions more users after becoming a social media phenomenon on iOS. The app allows users to create realistic videos with audio and impressive physics, though Android users still need an invite code to access generation features. This expansion significantly broadens OpenAI's reach in the mobile AI market.

INTERESTING TO KNOW

🥊 Perplexity battles Amazon over AI shopping 🥊

Perplexity AI publicly accused Amazon of "bullying" tactics after receiving legal demands to stop its Comet browser's AI assistant from making purchases on the platform. Amazon cited concerns over "significantly degraded shopping and customer service experience" while developing competing tools like Rufus and "Buy For Me." This represents the first major collision between AI agents and platforms wanting to control user experiences.

💰 Michael Burry bets $1.1B against AI bubble 💰

Michael Burry, the legendary investor who predicted the 2008 financial crisis in "The Big Short," has placed a massive $1.1 billion bet against the AI boom, specifically targeting Nvidia and Palantir with put contracts worth $912M and $187M respectively. His contrarian position signals potential skepticism about current AI market valuations, raising concerns about whether the sector is experiencing a speculative bubble similar to the 1999-2000 tech crash.

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