Citigroup has raised its forecast for the global artificial intelligence market, saying that corporate adoption of AI for coding, automation and related workflows has progressed faster than it previously anticipated. In an April 27 note, the Wall Street firm now expects the worldwide AI market to exceed $4.2 trillion by 2030, with approximately $1.9 trillion of that total coming from enterprise AI applications.
That projection marks an upward revision from Citi's earlier outlook, which put the overall market at more than $3.5 trillion and estimated near-term enterprise-driven revenue of nearly $1.2 trillion. The bank points to recent commercial uptake of AI models and tools as a key driver behind the larger estimate.
Anthropic singled out as an enterprise frontrunner
Within the same note, Citi discussed Anthropic in detail, outlining the drivers of that company's current revenue momentum and how it fits into the broader market picture. Citi credited Anthropic's Claude family of models and Claude Code with generating the bulk of enterprise demand and revenue, while describing Mythos as a source of potential future benefit rather than a near-term revenue generator.
The note characterizes Anthropic as "the leader in enterprise AI," citing strong uptake for commercial use cases such as software development and task-automation in agentic workflows. Citi said the company's early and sustained focus on enterprise customers has conferred a structural advantage, even as Anthropic faces rising compute costs, capacity constraints and a more competitive landscape.
According to Citi's summary, about 80% of Anthropic's revenue originates from enterprise customers, reflecting a deliberate move away from consumer-first strategies. The bank also reported that Anthropic's annualized revenue run rate surpassed $30 billion by April, describing that trajectory as among the fastest growth rates in technology.
Large cloud capacity agreements and a more competitive field
Citi's note notes that Anthropic has secured substantial computing-capacity agreements, including up to $40 billion from Google and as much as $25 billion from Amazon. At the same time, Citi observed intensified competition as rivals such as OpenAI and Google push further into enterprise markets. That evolving competitive dynamic, Citi said, is shifting the emphasis from model benchmark performance toward workflow integration and reliability in commercial deployments.
Additional context included in the original note
The published material also referenced an investment-oriented prompt about GOOGL and described an AI-driven tool that evaluates the company alongside many others using a large set of financial metrics. That content was presented as part of the broader information package rather than as an independent forecast tied to Citi's market estimate.