WSJ Reveals OpenAI and Anthropic Confidential Financials: OpenAI Spends 4-5x More on Training, Anthropic Expects Breakeven by 2028

Wall Street Journal (via Techmeme)·high signal

The Wall Street Journal published confidential financial documents from both OpenAI and Anthropic ahead of potential IPOs. Anthropic forecasts reducing cash burn to 9% of revenue by 2027 and breakeven by 2028; OpenAI expects burn rates of 57% through 2027 with losses ballooning to three-quarters of revenue by 2028. OpenAI spends 4-5x more on training annually than Anthropic, with inference costs exceeding half of revenue at both companies.