Anthropic says it is close to having its first profitable quarter

Anthropic has told investors it will increase revenue to $10.9 billion in its second quarter, posting its first operating profit, the Wall Street Journal reported. reports.

It’s that large segment and rapid quarter-on-quarter growth that could put it in a good position compared to its biggest competitor, OpenAI. However, the WSJ reports, it may not be profitable for the rest of the year due to the high accounting costs it is expected to incur.

This amount was recently distributed by the company’s investors as part of the investment.

The startup has become very popular in the last year, as many experts do explained what he likes about his chatbot, Claude. The firm has also made recent efforts to diversify its customer base — including announcing a new service for small business owners and new tools for business lawyers.

Interestingly, information about Anthropic’s earnings dropped the same day the news broke OpenAI is expected to file for its IPO soon. Anthropic declined to provide further comment.