ANTHROPIC'S MARCH TO PROFITABILITY

Summary from the TLDR AI newsletter

Anthropic is on track to do $10.9 billion in Q2 revenue, up from $4.8 billion in Q1, growing faster right now than Zoom did at the peak of the pandemic. The thing that flipped them to profit is compute getting cheaper, 71 cents of compute per revenue dollar in Q1, 56 cents in Q2. Claude Code on its own is at $2.5 billion in revenue, and the company expects to clear $559 million in profit just in time for its October IPO. The "AI labs burn money forever" story finally has a hole in it.