Anthropic aims for first profitable quarter in Q2, with $559 million in the green

Anthropic is reaching for profits, but compute costs might be a damper. (Picture: Shutterstock)
Last quarter ending in March saw an 80-fold growth for Anthropic and a revenue of $4.8 billion, a record for the AI lab.

Next quarter will be even better, sources are telling Reuters and WSJ — projecting a revenue growth of 130% and landing at $10.9 billion, more than double their previous number.

That should land them an operating profit of $559 million, Reuters reports.

This unprecedented growth underscores how Claude has boomed in the new year for coders and enterprises alike, that OpenAI is racing to catch up to.

The Wall Street Journal does however warn that this growth in subscribers also translates to higher computing costs, that might put a significant dent in their yearly profits.

Both OpenAI and Anthropic are expected to file for IPOs in the near future, and OpenAI might file in the coming weeks.

Read more: Reuters, WSJ, and TechCrunch.

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