OpenAI beat Anthropic by $1B in Q1 revenue, but stalled user growth, losses, and Anthropic’s SpaceX deal complicate the AI IPO race.

As Anthropic approaches profitability and OpenAI eyes an IPO, investors are confronting a bigger question about AI economics: enterprise revenue or consumer scale?

AI firm Anthropic is set to achieve its first quarterly operating profit. Sales are projected to double in the June quarter, reaching at least $10.9 billion. This surge is driven…