Anthropic Claims Adjusted Profitability, Excluding Model Training Costs
Anthropic has reported adjusted profitability for the second consecutive quarter, according to a Financial Times report. The figures exclude stock-based compensation and model training costs—key expenses tied to developing new versions of its AI system, Claude. While gross margins exceed 80%, this excludes Amazon's reseller cut and ongoing development expenditures. Revenue surged in Q2, reaching $11.5 billion—a 14-fold increase from a year prior—which analysts say creates significant barriers for competitors. The company is preparing an IPO on Nasdaq but has yet to disclose full financials including training costs. Anthropic's CEO Dario Amodei recently called for slowing AI development, which coincided with the release of these profit figures and led to declines in chip stocks. Critics like Michael Burry have questioned whether this timing serves as strategic hype ahead of a public offering.
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