Descriptions:
Bloomberg Technology sits down with Peter Singlehurst of Baillie Gifford, one of Anthropic’s institutional investors, for a candid assessment of where the frontier AI industry stands. Singlehurst describes Anthropic’s growth as “unprecedented in fifteen years of investing,” pointing to a $30 billion annual recurring revenue run rate and accelerating enterprise adoption as evidence that Claude-powered applications are breaking into mainstream business use — initially in coding, and increasingly in cybersecurity via the Mythos model family.
The conversation covers Anthropic’s ongoing dispute with the U.S. Department of War, which Singlehurst frames as consistent with the company’s foundational safety principles rather than a strategic liability. He also addresses OpenAI’s move to open a permanent London office following the wind-down of its UK Stargate project, and the broader question of whether frontier AI progress is resonating outside the United States. His view: awareness is high in the UK tech community, but AI lacks the same economic centrality it holds in the U.S.
A recurring theme is the structural disadvantage facing public market investors. Singlehurst compares today’s AI landscape to ByteDance, which he estimates is 40 to 50 times larger by revenue and profit than Facebook was at its IPO — illustrating how much value creation is happening before companies reach public markets. The segment offers a rare window into how long-term institutional capital is thinking about Anthropic, OpenAI, SpaceX, and xAI as the private AI market matures.
📺 Source: Bloomberg Technology · Published April 13, 2026
🏷️ Format: Interview
