Can AI labs ever turn a profit?
Anthropic is about to IPO and I collect a lot of different data points in my latest Reuters column to asses if they can ever become profitable.
AI has a math problem. According to Anthropic's IPO filing, showcased by Reuters, the company's revenue increased 12-fold in 2025, reaching $4.6 billion. However, this growth came at a steep cost. Operating losses expanded alongside revenue, from $2.98 billion in 2024 to a staggering $8.06 billion in 2025. The prospectus reveals that while Anthropic spent $7.3 billion on compute and infrastructure, the result was an increasing financial strain. The question remains: will leading AI labs ever turn a profit?
Written by urgent.news from Klement on Investing's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
