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Home/Markets & Investing/MICHAEL BURRY

Anthropic's Enterprise Spending Surge Signals Risk for Palantir

WH

Willow Halstead

Michael Burry · Apr 10, 2026

Anthropic's Enterprise Spending Surge Signals Risk for Palantir

Source: The Digital Ledger Data Terminal

Palantir's high-touch platforms must now compete with direct model providers for new corporate spending as enterprise AI adoption reaches a record 47.6%.

Related Brief2d ago
ai valuation

Anthropic captures 73% of new enterprise AI spending as Palantir loses ground

Nearly one in four businesses on the financial platform Ramp now pay for Anthropic. A year ago, this figure stood at one in 25. This shift is driven by the the plug-and-play AI tools that businesses can integrate faster than the complex systems provided by Palantir. According to investor Michael Burry, 73% of new enterprise AI spending is going to Anthropic, with 73% of new paying customers choosing Claude over OpenAI. Anthropic's annual recurring revenue surged from $9 billion to $30 billion in just months, a pace that contrasts with Palantir's 20-year climb to $5 billion in revenue. Over the same period, OpenAI experienced a 1.5% decline in business customers. Palantir shares fell about 6% on the week's Wednesday. The company trades at a forward earnings multiple well above sector averages.

Michael Burry has pressed his bearish case for the company, arguing that Palantir is losing ground in corporate AI. The shift is driven by the speed of Anthropic's expansion, which saw its annual recurring revenue grow from $9 billion to $30 billion in months. Burry notes that while it took Palantir 20 years to reach $5 billion, Anthropic offers a cheaper, easier, and more intuitive solution for businesses.

Related Brief2d ago
ai investing

Enterprise AI Spending Is Pivoting to User-Friendly Models, Not Legacy Platforms

Enterprise AI spending is now favoring platforms that are easy to integrate and scale, not those built on complex, custom architectures. Michael Burry's assessment positions Anthropic as the emerging leader in this shift, overtaking Palantir in relevance. Anthropic's growth stems from rising demand for accessible, scalable AI—exemplified by its Claude model—which aligns with the operational pace of modern businesses. Enterprises no longer want to wait months for tailored deployments; they want AI that works out of the box. Palantir’s model, built on intensive data integration and long deployment cycles, is increasingly misaligned with that need. As companies redirect budgets toward faster, more flexible tools, market valuations will follow. Business Insider reports this transition could redefine growth benchmarks for AI investment.

According to Ramp's March AI Index, Anthropic is now capturing 73% of all new enterprise spending. This adoption grew 4.9 percentage points month over month, its fastest pace yet. One in four Ramp customers now pay for Anthropic, up from one in 25 a year earlier.

Related Brief2d ago
artificial intelligence

Anthropic's Managed Agents Target Palantir's High-Cost Integration Model

Palantir shares fell 6.2% on Wednesday and another 7% on Thursday. The decline follows the beta release of Managed Agents, a cloud-based product for deploying AI agents on Anthropic's Claude platform. Managed Agents is a simpler and less expensive alternative to Palantir's Foundry platform, which typically requires consultants and an extensive integration process. Anthropic is targeting the software licensing business that supports Palantir's commercial growth.

Michael Burry

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