Anthropic projects its Q2 revenue will reach $10.9 billion, marking its first-ever operating profit. The company disclosed these figures to investors as part of a new funding round, though concerns remain over its long-term profitability amid high computing costs.
Anthropic has announced it expects to achieve profitability for the first time this quarter, marking a significant milestone for the AI startup. The company’s forecast underscores the rapidly accelerating commercial momentum surrounding generative artificial intelligence technologies. Anthropic’s trajectory may set a benchmark for other firms in the expanding AI sector.
UK fintech Modulr, backed by PayPal Ventures, has achieved its first full-year net profit, marking a significant shift from previous losses. The milestone precedes the company's expansion into the US and greater investment in AI-powered automation.
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