Market Chatter: Anthropic to Post Q2 Operating Profit Amid Revenue Surge

MT Newswires Live05:50

Amazon.com-backed (AMZN) Anthropic's Q2 revenue is set to more than double to $10.9 billion, helping the AI startup achieve an operating profit for the first time, the Wall Street Journal reported Wednesday.

Anthropic is expected to post an operating profit of $559 million in the June quarter, though it might not remain profitable for the full year as it plans higher spending due to its vast computing needs, according to the report.

Anthropic did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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