Anthropic says it’s on the cusp of having a profitable first quarter

Anthropic told its investors that it will double its revenue to about $10.9 billion in the second quarter and will achieve operating profits for the first time, the Wall Street Journal reported. Reports.

This is a major achievement and rapid quarter-on-quarter growth that will put it in an advantageous position compared to its main competitor, OpenAI. However, the Wall Street Journal reports that it may not remain profitable throughout the year due to the significant computing costs it is set to incur.

These financials were recently shared with the company’s investors as part of a financing round.

The startup has gained popularity over the past year, with the number of professionals increasing She expressed a preference for her chatbot, Claude. The company has also 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 dropped on the same day the news emerged OpenAI will likely file for an IPO soon. Anthropic declined to comment further.