Sources: Anthropic told investors it will be profitable for a second straight quarter, with 80%+ gross margins before partner revenue sharing and training costs (Financial Times)

Anthropic has reportedly told investors it will be profitable for a second consecutive quarter. According to the Financial Times, as cited by multiple sources, the company's gross margins exceed 80 percent before accounting for revenue shared with distribution partners and training costs.

The company, known for its AI model Claude, is seeking to alleviate concerns about its cash burn ahead of a potential initial public offering (IPO). The pace of AI development has raised fears, and Anthropic's financial updates aim to address these worries.

Anthropic's distribution partners include Amazon, although the company did not immediately respond to requests for comment outside regular business hours. The Financial Times report was not verified by Reuters.

Brief written by urgent.news from Techmeme, Channel News Asia, CNA - Business — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.