Anthropic executives, including finance chief Krishna Rao, met with prospective public investors last month as the company's financial performance improved. The company had gone from spending about $2.30 on operations for every $1 of revenue in spring 2025 to turning a slight profit on that basis in the June quarter. However, investors were informed that the profits would likely be short-lived as Anthropic plans to aggressively sign data center deals, which would increase computing infrastructure spending and could shrink operating profits.
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