Anthropic has informed investors it expects to more than double revenue to approximately $10.9 billion in Q2 2026, marking its first operating profit. The milestone comes amid rapid growth driven by increasing professional adoption of its Claude chatbot and efforts to expand into small business and legal markets. However, profitability may not be sustained throughout the year due to high upcoming compute costs. The news coincides with reports of OpenAI preparing for an IPO.

1m read timeFrom techcrunch.com
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