That article reports that Anthropic told investors it expected one profitable quarter in 2026. It does not claim the company as a whole had become profitable.
Anthropic has raised large amounts of money by giving investors special instruments that can later turn into stock. When the company’s overall value rises a lot, the value of those instruments also rises. Accounting rules require the company to record that increase as a loss on its books, even though no cash actually went out the door to anyone. This explains about 72 of those 80 billion. It’s not actual money spent.
That article reports that Anthropic told investors it expected one profitable quarter in 2026. It does not claim the company as a whole had become profitable.
Anthropic has raised large amounts of money by giving investors special instruments that can later turn into stock. When the company’s overall value rises a lot, the value of those instruments also rises. Accounting rules require the company to record that increase as a loss on its books, even though no cash actually went out the door to anyone. This explains about 72 of those 80 billion. It’s not actual money spent.