HSBC projects Microsoft’s partnership with Anthropic will generate $43 billion in annual revenue by 2030.
Microsoft invested $5 billion in the AI firm in late 2025. Anthropic committed to using Microsoft’s Azure cloud infrastructure for its compute capacity.
HSBC estimates Anthropic’s total revenue will exceed $240 billion by 2030. Compute costs are expected to account for 60% of that revenue.
Microsoft Azure targets a 30% share of Anthropic’s compute spending. This collaboration diversifies Microsoft’s AI portfolio beyond its existing partnership with OpenAI.