sw1tcher
macrumors 604
ExceptThe current LLM companies are positively hemmorhaging cash and will soon collapse.
Summary
Anthropic has made history by reporting its first profitable quarter, with Q2 2026 revenue soaring to $11.5 billion and positive adjusted operating income. This unprecedented achievement for a frontier AI lab directly refutes the long-held skepticism that such companies could never turn a profit due to escalating compute costs. Unlike mere run rates, these are booked sales, totaling $16.2 billion for the first half. The company's strong gross margins on API sales indicate previous losses stemmed from investing in future model training, not from unprofitable products.