Anthropic expects its first profitable quarter
Per the Wall Street Journal, Anthropic told investors its Q2 revenue will more than double to about $10.9 billion, with its first operating profit.
The report
According to the Wall Street Journal, Anthropic told investors that:
- Its second-quarter revenue will more than double to about $10.9 billion.
- It expects to "deliver an operating profit for the first time."
But
It may not stay profitable for the full year because of large scheduled compute costs.
Why it matters
AI companies spend billions and few make a profit. The news came the same day reports said OpenAI is likely to file for an IPO soon.
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