Anthropic tells investors it will be profitable for second straight quarter

Anthropic has informed investors that it anticipates profitability for a second consecutive quarter, achieving gross margins exceeding 80% before accounting for partner revenue sharing and training expenses. This news, reported by the Financial Times, comes as the Claude maker aims to alleviate concerns regarding its cash burn ahead of a potential IPO, amidst broader anxieties about the speed of AI development.

This report is the first to detail Anthropic's profitability for a second consecutive quarter, unlike previous reports that focused on cash burn concerns.