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Anthropic says it’s about to have its first profitable quarter
Key takeaways
- Anthropic has told its investors that it will more than double revenue to around $10.9 billion in its second quarter, and deliver an operating profit for the first time, the Wall Street Journal reports.
- That s a big milestone and fast quarter-over-quarter growth that would put it in an advantageous position relative to its chief competitor, Open AI.
- These financials were recently shared with the company s investors as part of a funding round.
Why this matters: a development in AI with implications for how people work, create, and decide.
Anthropic has told its investors that it will more than double revenue to around $10.9 billion in its second quarter, and deliver an operating profit for the first time, the Wall Street Journal reports.
That s a big milestone and fast quarter-over-quarter growth that would put it in an advantageous position relative to its chief competitor, Open AI. However, the WSJ reports, it may not remain profitable throughout the year due to the large compute costs it s scheduled to incur.
These financials were recently shared with the company s investors as part of a funding round.
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