{"text":[[{"start":6.7,"text":"Anthropic is poised to achieve its first profitable quarter ahead of rivals OpenAI and Elon Musk’s xAI after a period of soaring revenues at the company. "}],[{"start":18.1,"text":"The San Francisco-based AI group has told investors that its revenue for the second quarter of 2026 will be $10.9bn, more than double the $4.8bn posted for the first three months of the year, according to people familiar with the matter. "}],[{"start":33.150000000000006,"text":"That will propel Anthropic to an operating profit of $559mn for the period, they said. "}],[{"start":40.50000000000001,"text":"The milestone demonstrates that it is possible for AI labs to run their businesses sustainably, as they post record growth as well as burn unprecedented amounts of money."}],[{"start":51.650000000000006,"text":"It also provides Anthropic, which is on the cusp of closing a $30bn funding round valuing it at $900bn, with an edge as it vies with Musk’s company and Sam Altman’s OpenAI to go public this year. "}],[{"start":64.60000000000001,"text":"Anthropic and OpenAI have rapidly hit annualised revenues in the tens of billions of dollars, but remain heavily lossmaking because they have had to pour even more capital into training AI models that advance the frontier of the technology."}],[{"start":81.5,"text":"OpenAI has told investors it will be profitable in 2030, but expects to spend more than $600bn before then as it invests in computing power to scale up and run its models. The company was targeting a public listing as soon as September to raise more capital, according to people familiar with its plans."}],[{"start":100.7,"text":"xAI, now merged with SpaceX, has also invested billions into data centres and hardware. SpaceX, which is set to go public next month, revealed on Wednesday that its AI business had racked up an operating loss of $6.4bn. "}],[{"start":117.25,"text":"Despite improving margins, Anthropic is unlikely to remain consistently profitable as it increases spending on computing power to meet rising demand for its products."}],[{"start":126.9,"text":"The AI lab has signed a deal to spend $15bn a year on computing power from SpaceX, according to the rocketmaker’s prospectus filed with US securities regulators. It has also agreed longer-term deals with Google and Amazon which could total hundreds of billions more in spending over the coming years."}],[{"start":146,"text":"Anthropic, which declined to comment, has also been exploring an IPO. The company hired law firm Wilson Sonsini last year to explore a flotation which would rank alongside SpaceX and OpenAI as one of the largest ever."}],[{"start":161.05,"text":"The Wall Street Journal earlier reported details of Anthropic’s quarterly performance. "}],[{"start":172.1,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1779332259_7138.mp3"}