Anthropic's S-1 shows an 85% gross margin in H1 from running its models, a reality check for skeptics who said pay-as-you-go model sales wouldn't be profitable (Stephanie Palazzolo/The Information)

Anthropic's S-1 filing shows an 85% gross margin in H1 from running its models, countering skepticism about the profitability of pay-as-you-go model sales.