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GateUser-de0b9e3b

SpaceX's prospectus reveals xAI's losses; this disclosure is quite blunt.

XAI-1.33%
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BlockBeatNews
Anthropic expects to achieve a profit of $559 million in the second quarter, leading OpenAI to become the first to reach quarterly profitability.
According to Beating Monitoring, Anthropic has disclosed to investors that its revenue is expected to reach $10.9 billion in the second quarter of 2026, doubling from $4.8 billion in the first quarter, and will record $559 million in operating profit. As a result, Anthropic has become the first frontier AI lab to achieve single-quarter profitability, ahead of OpenAI and xAI.

Competitors are still deeply in the red due to the high costs of model training. SpaceX’s latest prospectus disclosed that its merged xAI business has generated $6.4 billion in operating losses. OpenAI expects to return to profitability in 2030 and plans to invest more than $600 billion to expand its compute capacity before that.

Profitability has not slowed Anthropic’s pace of hardware investment. Anthr
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