According to the Wall Street Journal, Anthropic told its investors it would more than double its second-quarter revenue to nearly $10.9 billion and post an operating profit for the first time. reports.
This is a major milestone and sharp quarter-on-quarter growth that will put it in an advantageous position relative to its main competitor, OpenAI. However, as the WSJ reports, it may not be profitable throughout the year due to the huge computation costs involved.
These financial details were recently shared with the company’s investors as part of a funding round.
The startup has gained popularity in the last year, as more and more professionals are adopting it Expressed preference for its chatbot, cloud. The company has made recent efforts to diversify its client base — including announcing a new service for small business owners and new tools for law firms.
Interestingly, this information about Anthropic’s alleged profitability came out on the same day as the news OpenAI may soon file for its IPO. Anthropic declined to provide any further comment.
