Anthropic is on track to report its first profitable quarter, with the AI startup telling investors it expects to more than double its revenue to approximately $10.9 billion in Q2, according to the Wall Street Journal. This milestone would mark a significant turnaround for the company and put it in a strong competitive position against rival OpenAI. The company recently shared these financial projections with investors as part of a funding round. However, Anthropic's path to sustained profitability remains uncertain. The WSJ reports that while Q2 will show an operating profit, the company may not remain profitable throughout the rest of the year due to substantial compute costs it has scheduled to incur. This highlights the capital-intensive nature of running large AI models, where infrastructure expenses often eat into revenue gains. The company's growth has been driven by increasing adoption of its Claude chatbot among professionals, with Anthropic recently expanding its customer base by launching new services targeting small business owners and law firms. The startup has gained market share as more users express preference for Claude over competing products. The timing of this news is notable, arriving on the same day reports surfaced about OpenAI potentially filing for an IPO soon. Anthropic declined to comment on the financial projections.