New Delhi, Sept. 14 -- Artificial intelligence (AI) startup Anthropic has informed its investors that it expects to be profitable this quarter, as it seeks to ease investor concerns over the heavy spending and cash burn associated with leading AI companies.

The company informed a small group of shareholders that its adjusted operating income will be positive for the second consecutive quarter, the Financial Times reported, citing several people familiar with the matter. The calculation excludes expenses such as stock-based compensation. This comes at a time when Anthropic is preparing for a massive initial public offering (IPO).

According to two people familiar with the matter, Anthropic's gross margins exceed 80 per cent before factori...