OpenAI posted first-quarter revenue of $5.7 billion, helped by growth in Codex, a coding AI agent. The Information, citing two people familiar with internal matters, reported the figure was nearly $1 billion more than Anthropic.

But The Information said Anthropic appears to have overtaken OpenAI again since then, and the gap in revenue could widen further by the end of this year given recent growth rates. Both OpenAI and Anthropic are pursuing initial public offerings this year.

Anthropic’s annualised revenue is about $45 billion, while OpenAI has recently exceeded $30 billion. Anthropic also expects revenue to nearly double in the second quarter alone to about $11 billion. It projected operating profit would also reach $600 million.

A recent CNBC report estimates Anthropic’s second-quarter revenue at $10.9 billion. That would surpass last year’s annual revenue in a single quarter.

OpenAI’s second-quarter outlook is hard to know at this stage, but The Information said the company’s core products have improved performance, making revenue growth more likely.

OpenAI released GPT 5.5 in March and rapidly expanded its user base with its latest image-generation model, one source said.

At the current pace, OpenAI appears likely to meet its $30 billion revenue target for this year. But it still has an enormous loss structure, and the growth of ChatGPT, its core product by user count, is seen as stalled.

OpenAI told investors its first-quarter adjusted operating profit margin was minus 122 percent, The Information reported, citing sources. That means it loses $1.22 for every $1 it earns. If calculated to include items such as stock-based compensation, OpenAI’s losses could be larger.

OpenAI did not meet its goal last year of surpassing 1 billion ChatGPT users. The average number of ChatGPT users in the first quarter was about 905 million. The company has not been able to keep rising after weekly users exceeded 920 million in late February. ChatGPT user numbers for March have not yet been confirmed. In the meantime, Google appears to be pressuring ChatGPT by increasingly deploying its Gemini AI into its core search engine, which has billions of users. Monthly users of the Gemini chatbot surpassed 750 million in February.

Google said at its recently held annual I/O conference it would shift its search service from a link-list focus to a conversational AI interface focus. The centrepiece of the overhaul is redesigning the search box, maintained for more than 25 years, around AI.

Google also unveiled Gemini Spark, a personal agent that can move across a user’s broader digital environment and handle tasks on the user’s behalf. It also introduced Gemini Omni, a multimodal AI model that understands images, audio, video and text together and creates videos. As Google announces a full AI-based overhaul of its existing search, startups targeting the same market are also raising large-scale investments one after another.