OpenAI reported $5.7 billion in first-quarter revenue, leading Anthropic by $1 billion. However, Anthropic projects its second-quarter revenue to double to $11 billion with a $600 million profit.

Anthropic projects $10.9B in June quarter revenue, a 130% increase, alongside its first operating profit as enterprise AI demand accelerates.

SAN FRANCISCO, May 20 : Anthropic is closing in on its first quarterly operating profit, a person familiar with the matter told Reuters, as its sales eclipse the enormous costs to…