OpenAI and Anthropic’s remarkable revenue growth has invited scrutiny of how the AI startups are tallying the headline-making figures they have privately or publicly disclosed.

Last month, OpenAI’s annualized revenue jumped to $25 billion, nearly four times higher than a year earlier. Anthropic has grown even faster: At the end of last month, Anthropic crossed $19 billion in annualized revenue—about 14 times higher than a year earlier. If the trend lines continue, it isn’t unfathomable to imagine Anthropic catching up to OpenAI over the next year or so!

Both companies take a similar approach to calculating annualized revenue. OpenAI multiplies its total revenue for a recent four-week period by 13, which equals 52 weeks —or a full year, according to a person with direct knowledge of its finances.

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