Anthropic nears first quarterly profit as sales eclipse enormous costs of developing AI
Anthropic is approaching its first quarterly operating profit, with sales expected to exceed costs associated with AI development. The company anticipates second-quarter sales of at least $10.9 billion, significantly higher than the previous quarter's $4.8 billion. This surge in revenue is attributed to increased demand for its Claude AI and the deployment of its Mythos model by enterprises.
- ▪Anthropic's sales for the June quarter could reach at least $10.9 billion.
- ▪The company expects an operating profit of $559 million for the second quarter.
- ▪Demand for Anthropic's Claude AI has surged among software developers and enterprises.
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Open this photo in gallery:Anthropic's co-founder and CEO Dario Amodei at a developer conference in San Francisco on May 6.Don Feria/The Associated PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountAnthropic is closing in on its first quarterly operating profit, a person familiar with the matter told Reuters, as its sales eclipse the enormous costs to develop and deploy artificial intelligence.In recent fundraising materials, the San Francisco-based startup apprised investors that its June quarter sales could reach at least US$10.9-billion, more than double its US$4.8-billion in revenue for the just-ended March quarter, the person said.That will propel its second-quarter operating profit to an expected US$559-million, said the person, on condition of…
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