Report: OpenAI's first-quarter revenue was $5.7 billion.

```

According to media reports, driven by Codex, commercial sales, and advertising, OpenAI generated $5.7 billion in revenue in the first quarter, leading its competitor Anthropic by about $1 billion. Among this, $25 billion in annualized revenue was generated in February.

According to a previous article by Wallstreetcn, Anthropic's second-quarter revenue is expected to reach $10.9 billion, an increase of about 130%, and will achieve operating profit of $559 million for the first time.

Anthropic's first-quarter revenue was $4.8 billion. Its quarterly revenue growth rate has already surpassed Zoom's growth during the pandemic, as well as Google's and Facebook's growth rates before going public.

Last summer, Anthropic disclosed financial data to investors showing that the company does not expect to achieve full-year profitability before 2028 at the earliest. Due to its massive computing needs, the company plans to increase spending and may not be able to maintain profitability throughout the year. Its operating profit includes the costs of training new models, but does not include equity-based compensation expenses.

In the first quarter, Anthropic spent as much as 71 cents on computing power for every dollar earned. This quarter, that ratio is expected to drop to 56 cents, indicating that its efficiency is continuously improving as the business grows.

Anthropic primarily uses chips developed by Google and Amazon, which are usually less expensive than Nvidia's chips. Compared with OpenAI, Anthropic has taken a more conservative approach to future data center investments.

There are differences in revenue accounting between OpenAI and Anthropic, making it difficult to compare the two companies. Anthropic includes technology revenue from sales through cloud partners in its total revenue, while OpenAI does not.

Anthropic, OpenAI, and SpaceX are racing to go public, and the valuation of all three companies could exceed one trillion dollars, fully reflecting investors' expectations for AI to reshape various industries and markets.

Risk Warning and DisclaimerThe market has risks, and investment needs to be cautious. This article does not constitute personal investment advice, nor does it take into account any individual user's specific investment objectives, financial situation, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are in line with their particular circumstances. Investing based on this is at your own risk. ```