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Anthropic to Triple Its International Workforce amid Demand for Its Claude Models

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Anthropic said on Friday that it will triple its international workforce.

Anthropic to Triple Its International Workforce amid Demand for Its Claude Models

AI firm Anthropic said on Friday that it will triple its international workforce and grow its applied AI team by five times this year in order to keep up with the rising global demand for its Claude models. Indeed, the company explained that nearly 80% of Claude’s consumer usage now comes from outside the U.S., with people in countries like South Korea, Australia, and Singapore using the platform more heavily than Americans. This trend shows just how quickly Claude is gaining traction overseas.

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Interestingly, the company, which is valued at $183 billion and backed by tech giants Alphabet (GOOGL) and Amazon (AMZN), has become known for building AI models that are especially good at coding. Its Claude large language models are seen as some of the most advanced on the market, which has helped the company expand its business customer base from fewer than 1,000 two years ago to more than 300,000 today. Revenue has also climbed sharply, with annualized run-rate revenue jumping from about $1 billion at the start of the year to more than $5 billion by August.

As a result, to support this growth, Anthropic plans to hire over 100 people across Dublin, London, and Zurich, while also opening its first Asian office in Tokyo and adding more locations in Europe. Separately, Microsoft (MSFT) signed a deal earlier this week to bring Claude into its Copilot assistant, which has mainly relied on OpenAI until now.

Which Tech Stock Is the Better Buy?

Turning to Wall Street, out of the three stocks mentioned above, analysts think that MSFT stock has the most room to run. In fact, MSFT’s average price target of $628.36 per share implies more than 22% upside potential. On the other hand, analysts expect the least from GOOGL stock, as its average price target of $244.14 equates to a loss of 1.2%.

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