Anthropic is on pace to turn a profit much more quickly than rival OpenAI, Berber Jin of The Wall Street Journal reports, citing documents obtained by the Journal. Anthropic expects to break even first in 2028, the documents show. Meanwhile, OpenAI forecasts operating losses to increase to $75B in 2028 and burn through about 14 times as much cash as Anthropic before turning a profit in 2030.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- Microsoft recruits influencers in America to popularize Copilot, Bloomberg says
- Intel’s Sachin Katti departing to join OpenAI
- Nvidia Stock (NVDA) Is up 48% YTD — Will Q3 Earnings Keep the Rally Going?
- “Next-Generation Brain-Computer Interface”: Microsoft Stock (NASDAQ:MSFT) Gains With New AI Possibilities
- Michael Burry Sounds Alarm on $176B Depreciation Gap among Tech Giants