Anthropic expects another adjusted-profit quarter ahead of potential IPO

Anthropic has reportedly told a small group of shareholders that it expects adjusted operating profit this quarter, which would make it the second quarter in a row in the black on that measure. That is not the same as a conventional net profit: adjusted figures can leave out selected costs, and the company has not publicly detailed the calculation. Still, the forecast matters for an AI company facing high costs to develop and run its models as it considers a potential stock-market listing. It would give prospective investors a more encouraging sign that the business is moving toward sustainability, while leaving the key question of profitability after all costs are counted.