Anthropic’s Gross Margin Flags Long-Term AI Profit Questions

In the past year, artificial intelligence developer Anthropic has raised billions of dollars at a more than $15 billion valuation due to its fast revenue growth and big projections for future sales. But as Anthropic and scores of rivals mature, they’ll need to prioritize profit margins and cash flows if they want to build a sustainable business and have any hope of going public someday.

New data show that profit margins for such startups may end up lower than for …

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