Business · 15 August 2026
Anthropic projects $200B revenue by 2028, despite current profit squeeze
The AI firm was making money at a $47 billion yearly pace in May, but wants investors looking further ahead for its stock market launch. Heavy computing costs are squeezing profit margins, so bankers are comparing the start-up to software firms like Palantir to set a price. The company expects to make over $10.9 billion during 2026's second quarter to secure a $559 million profit.
Reported by Reuters · How we write briefs