An artificial intelligence startup based in San Francisco is approaching a significant financial milestone as it prepares to report its first quarterly profit, according to a source with knowledge of the company’s finances.
Anthropic has informed potential investors through recent fundraising documents that revenue for the June quarter may hit at least $10.9 billion, representing more than twice the $4.8 billion the company generated during the recently completed March quarter, the source revealed while requesting anonymity.
This revenue surge is expected to drive the company’s second-quarter operating profit to approximately $559 million, the source indicated.
The financial details were initially reported by The Wall Street Journal on Wednesday.
These impressive numbers highlight the growing appetite for Anthropic’s Claude AI technology, which software developers are increasingly using for computer programming tasks, while some businesses are implementing the company’s advanced Mythos model to identify security weaknesses in their systems.
Such profitability stands out in an AI sector that continues to struggle with the technology’s substantial operational expenses.
The industry’s massive computing requirements were further illustrated Wednesday through SpaceX’s initial public offering documents, which revealed details about AI-related costs at the space and AI company owned by Elon Musk.
According to the filing, Anthropic has committed to paying SpaceX $1.25 billion monthly through May 2029 for computing services that will utilize both of SpaceX’s AI training facilities, known as Colossus and Colossus II.
The agreements include termination clauses allowing either company to end the arrangement with 90 days’ advance notice, and the filing noted that payments would be adjusted during capacity increases scheduled for this month and next.
Musk announced on X that SpaceX was exploring opportunities with additional companies to “offer AI compute as a service at significant scale,” which could help offset losses in the company’s AI division.
SpaceX’s AI operations reported approximately $2.5 billion in losses during the March quarter, despite generating $818 million in segment revenue, according to the IPO documentation.
