Q2 Revenue Up Only 18%! OpenAI "Misses Big," Far Behind Anthropic

OpenAI's Q2 revenue stood at just $6.7 billion, with growth slowing to 18% and losses widening, while executives depart in succession; in contrast, Anthropic's revenue in the same period surpassed OpenAI for the first time, reaching $11.5 billion, surging 140% quarter-over-quarter, and achieving a small profit. This sharp divergence in performance between the two AI giants not only reshapes the competitive landscape of the industry but also adds suspense to the race as both prepare for IPOs simultaneously.