Anthropic has reportedly told investors that it expects revenue to more than double to approximately US$10.9 billion in the second quarter while also achieving operating profitability for the first time, according to a report from The Wall Street Journal.
The development would represent a major milestone for the artificial intelligence startup and highlights the company’s rapid quarter-on-quarter expansion, potentially strengthening its position against chief rival OpenAI.
However, the Wall Street Journal reported that Anthropic may not remain profitable throughout the full year because of the substantial computing costs expected from future infrastructure spending.
The financial projections were reportedly shared with investors as part of an ongoing funding round.
Anthropic has seen growing adoption over the past year as increasing numbers of professional users have shown preference for its AI chatbot, Claude.
The company has also recently expanded efforts to diversify its customer base, including launching new services aimed at small business owners and developing specialised tools for legal firms.
News regarding Anthropic’s expected profitability emerged on the same day reports surfaced that OpenAI could soon move toward filing for an initial public offering.
Anthropic declined to comment further on the report.