The Business Engineer

The Business Engineer

Share this post

The Business Engineer
The Business Engineer
From Coopetition to Fierce Competition
Copy link
Facebook
Email
Notes
More

From Coopetition to Fierce Competition

Gennaro Cuofano's avatar
Gennaro Cuofano
Mar 13, 2025
∙ Paid
29

Share this post

The Business Engineer
The Business Engineer
From Coopetition to Fierce Competition
Copy link
Facebook
Email
Notes
More
8
Share

As the OpenAI-Microsoft partnership is getting undone, Anthropic finds itself in the middle of Amazon and Google, in an intricate ownership structure at the core of coopetitive dynamics.

However, as I pointed out in the previous issue, the undoing of the OpenAI-Microsoft partnership might cascade back into the frontier AI market, as it signals a much broader change in the underlying market structure.

The Business Engineer is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Indeed, outside of capital needs, for Antrhopic, Amazon AWS is critical for its inference platform to enable the AI model company to serve its users at scale.

While Google TPU infrastructure is critical to enable Anthropic to keep developing the most advanced frontier models.

Yet, in the next 2-3 years, Antrhopic, like OpenAI, has to find a strategic partner that won’t potentially swallow it up.

So, the evolution of this structure will become interesting to watch out for in the coming 2-3 years.

And if approval is granted - at the regulatory level - if Antrhopic doesn’t find a different strategic partner, it might result in a merger with one of these two leading investors.

In fact, at over $60 billion in valuation, Anthropic is projecting its revenue to reach $3.7 billion by 2025, which is getting into OpenAI-level economics.

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Gennaro Cuofano
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More