The other side of Anthropic's profitability

Analysts are questioning Anthropic's announced operating profit for Q2. Financial reports show a temporary dip in costs thanks to discounts on compute capacity from SpaceX in May and June. However, infrastructure expenses will jump to $1.5 billion monthly starting in July, which will offset current gains.

Another factor is revenue manipulation. The company may have counted large clients' token prepayments as immediate income, even though the compute services haven't been delivered yet. This artificially boosted metrics ahead of a new investment round.

Experts also point to discrepancies in management statements. Yearly revenue figures don't match numbers the CFO previously swore to under oath in court.