On August 19, The Wall Street Journal reported that OpenAI disclosed to investors that its second-quarter revenue grew by 18% quarter-over-quarter, rising from $5.7 billion in the first quarter to $6.7 billion. For most startups, nearly $7 billion in a single quarter is a rare scale, but under OpenAI's current valuation, financing plans, and IPO expectations, this growth rate has still disappointed some shareholders. More concerning for the market is the widening losses. Reports indicate that OpenAI's operating loss in the second quarter expanded from $9.3 billion in the first quarter to $12.3 billion, outpacing revenue growth. Since this figure includes equity incentive costs, the company is further from its profitability targets, prompting investors to reassess its financial path before going public. In contrast, Anthropic is becoming a source of pressure for OpenAI. The WSJ noted that Anthropic's second-quarter revenue increased to $11.6 billion, surpassing OpenAI for the first time, and it achieved a small operating profit. Although Anthropic's profitability metrics still need further validation from its prospectus, it has already seen significant growth in areas such as enterprise AI, code generation, and Claude Code, leading the market to discuss whether the commercialization pace between AI labs has begun to reverse.