The Wall Street Journal reported that Anthropic told investors that its revenue more than doubled to about $10.9 billion in the second quarter, marking its first operating profit.
This is a major milestone and rapid quarter-over-quarter growth that puts the company in a favorable position compared to its main competitor, OpenAI. However, WSJ reports that it will incur huge computing costs and may not be profitable for the entire year.
These financial information were recently shared with the company’s investors as part of a funding round.
The startup has grown in popularity over the past year as more professionals prefer its chatbot Claude. The company has also recently worked to diversify its customer base, announcing new services for small business owners and new tools for law firms.
Interestingly, this information about Anthropic’s alleged profitability was removed on the same day that news broke that OpenAI may soon file for an IPO. Antropic declined further comment.
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