… The company reportedly revealed those figures to a group of investors for its current funding round, which could boost its valuation past OpenAI's. Even though chances are high that it will reach profitability for the quarter, Anthropic doesn't expect to be profitable in the quarters that follow. …
… That's a mighty long timeline for a startup to reach profitability. …
… However, after the success of ChatGPT in 2022, that structure became problematic for OpenAI as the company sought to raise ever more capital, and as part of its $6.6 billion funding round in October 2024, it reportedly agreed to a less-than-two-year deadline to free its for-profit from control of t… …
… According to Reuters , the company is letting around five percent of its workforce go. …