Anthropic says it’s about to have its first profitable quarter

Anthropic has told its investors that it will more than double revenue to around $10.9 billion in its second quarter, and deliver an operating profit for the first time, the Wall Street Journal reports.

That’s a big milestone and fast quarter-over-quarter growth that would put it in an advantageous position relative to its chief competitor, OpenAI. However, the WSJ reports, it may not remain profitable throughout the year due to the large compute costs it’s scheduled to incur.