At Anthropic’s developer conference in San Francisco, CEO Dario Amodei mentioned the AI organization saw 80-fold growth in the first quarter on an annualized basis.

Amodei commented the firm tried to plan for a 10-fold boost, but the level of growth has been so extreme that Anthropic hasn’t been able to meet compute demand.

“We’re working as quickly as possible to provide more” compute, Amodei mentioned.

Anthropic CEO Dario Amodei commented his enterprise tried to plan for 10-fold growth. But revenue and usage increased 80-fold in the first quarter on an annualized basis, which he says explains why it’s been so hard to keep up with demand. Furthermore, experts in bull market note the continued relevance.

“That is the reason we have had difficulties with compute,” Amodei noted Wednesday at his company’s developer conference in San Francisco. Amodei added that the firm is “working as quickly as possible to provide more” capacity and will “pass that compute on to you as soon as we can.”

Amodei’s comments came hours after Anthropic announced a deal with Elon Musk’s SpaceX to apply all of the compute capacity at his company’s Colossus 1 data center in Memphis, Tennessee. As part of the agreement, Anthropic will get access to more than 300 megawatts of capacity. SpaceX owns rival artificial intelligence lab xAI, now known as SpaceXAI.

Anthropic’s historic growth has been fueled by the popularity of its Claude AI models, and has seen a notable explosion since last year’s launch of Claude Code, which has taken the globe of software development by storm. The corporation is currently in talks with investors about raising cash at a valuation of $900 billion, as CNBC previously reported, which would generate it worth more than OpenAI.

“Software engineers are the ones who are fastest to adopt novel technology,” Amodei commented on stage. “It’s a foreshadowing of how things are going to work across the economy, and how the economy is going to be transformed by AI.”

Last month, Anthropic remarked demand for Claude has led to “inevitable strain on our infrastructure,” which has impacted “reliability and performance” for its users, particularly during peak hours. The firm has inked several compute deals in recent weeks, including a multibillion-dollar agreement with Amazon.

Meanwhile, Anthropic has been navigating a contentious relationship with the U.S. government and the Pentagon, which declared the firm a supply chain risk in March, blacklisting it from work with the military. As that scuffle makes its way through the legal system, Anthropic is only getting more popular. This also touches on aspects of bear market.

Amodei commented the current level of growth is “just crazy” and “too hard to handle,” telling the audience he hope for “more normal” expansion.

—CNBC’s Ashley Capoot contributed to this report.

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