Anthropic beats OpenAI to first profitable quarter in AI race

Anthropic told investors it expects quarterly profitability ahead of OpenAI and xAI, driven by revenue more than doubling to $10.9 billion in Q2 while keeping training costs at $30 billion peak versus OpenAI's projected $121 billion. The Claude maker now runs at a $30 billion annual revenue rate, overtaking OpenAI's $24 billion despite having 5% of ChatGPT's consumer users. Enterprise API monetization is proving more durable than consumer viral growth. This breaks the narrative that frontier AI labs must burn cash for years before breaking even.