OpenAI's second-quarter revenue increased 18%, from $5.7 billion to $6.7 billion, but the growth rate was far below that of rival Anthropic. Anthropic more than doubled its revenue to reach $11.6 billion, surpassing OpenAI for the first time. OpenAI's bigger hidden danger lies in its profitability: its operating loss increased from $9.3 billion to $12.3 billion, while Anthropic has achieved a small operating profit. Enterprise customer adoption and Claude Code products have led to strong growth for Anthropic. Both companies are preparing for potential IPOs, further increasing the pressure on OpenAI's operations.

OpenAI's second-quarter revenue increased 18%, from $5.7 billion to $6.7 billion, but the growth rate was far below that of rival Anthropic. Anthropic more than doubled its revenue to reach $11.6 billion, surpassing OpenAI for the first time. OpenAI's bigger hidden danger lies in its profitability: its operating loss increased from $9.3 billion to $12.3 billion, while Anthropic has achieved a small operating profit. Enterprise customer adoption and Claude Code products have led to strong growth for Anthropic. Both companies are preparing for potential IPOs, further increasing the pressure on OpenAI's operations.