Anthropic surpasses OpenAI in Q2 revenue for the first time

Anthropic surpassed OpenAI in quarterly revenue for the first time in the second quarter, underscoring a shift in the competitive landscape between the two leading artificial intelligence companies. Anthropic posted $11.6 billion in revenue for the three months ended in June, more than doubling its first-quarter total of $4.73 billion, according to CNBC. The figures are preliminary and could still change.

OpenAI, by contrast, reported revenue of $6.7 billion in the second quarter, up 18% from $5.7 billion in the first quarter, according to The Wall Street Journal. The result disappointed some investors who had hoped OpenAI would show more progress closing the gap with its rival.

OpenAI's operating loss grew to $12.3 billion in the second quarter, up from $9.3 billion in the first, a pace that exceeded revenue growth. Anthropic, by contrast, recorded a small adjusted operating profit of $559 million over the same period, according to SiliconAngle, citing that the company had made more efficient use of its computing resources. It is unclear what methods Anthropic used to calculate its adjusted profit, and the company excludes stock-based compensation from the figure, according to the Wall Street Journal.