Where are they getting $1.5 billion from? Is this business actually profitable?
dinckelman@lemmy.world
on 05 Sep 21:27
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Wouldn’t doubt it for a second. They create a product they can easily gaslight all the corporate chumps into buying, and by the time they realize there’s 0 roi on it, it’s already too late
At least I can enjoy stupid corporate leaders lapping up the dogfood they’re told to eat, except for the pain workers and real people suffer as a result of this yheft, trash and grift.
Alphane_Moon@lemmy.world
on 05 Sep 21:28
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Monopoly money using image generation ML tech for the design. Special partnership with HP for printing these notes.
Hackworth@sh.itjust.works
on 05 Sep 21:29
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5B run rate explains the wild 183B valuation better. The calculus is usually a solid return after 3 years and double or better by 5, so they’re being on something like a 500B valuation by 2030.
And they very likely won’t be profitable in the real sense even then.
baggachipz@sh.itjust.works
on 07 Sep 14:03
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The $5B run rate, as I understand it, is smoke and mirrors. Each dollar they make costs them much more than that dollar. Sell it at a loss, but make it up on volume!
Something something efficiency
The models are only getting more expensive to train and run as they increase in complexity.
Just remember that actual profit isn’t important to investors. They’re only here make money on the growth of the investment.
Goddamn parasites.
baggachipz@sh.itjust.works
on 07 Sep 15:30
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At the end of the day, somebody will be stuck holding the bag. They’ll probably have to IPO, so that retail investors can burn their life’s savings. That or they’ll get bailed out, in which all taxpayers get to absorb this insane pyramid scheme.
silasmariner@programming.dev
on 07 Sep 14:18
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This is just the cost of doing business for Anthropic.
No particular material harm to the business. Declare the matter settled, everything is fine and dandy, and now they have carte blanche to rape and pillage the next village dataset.
It’s not really a good thing though. $1.5bil will be a drop in the bucket for them. This is a settlement, which means it won’t set any legal precedence.
Blaster_M@lemmy.world
on 06 Sep 04:06
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threaded - newest
Where are they getting $1.5 billion from? Is this business actually profitable?
Wouldn’t doubt it for a second. They create a product they can easily gaslight all the corporate chumps into buying, and by the time they realize there’s 0 roi on it, it’s already too late
At least I can enjoy stupid corporate leaders lapping up the dogfood they’re told to eat, except for the pain workers and real people suffer as a result of this yheft, trash and grift.
Monopoly money using image generation ML tech for the design. Special partnership with HP for printing these notes.
$13B Series F
Yikes.
Absolutely astounding that they can raise $13B on a sixth round of funding on that.
For the less finance jargon savvy, “run-rate revenue” just means projected annual revenue.
All this means they spent 3 years of revenue to make this go away.
Absolutely not a profitable business lol.
Anthropic’s news page is educational in every sense of the word.
500 million was specific to Claude Code, they are at 5 billion annual run rate and growing
I see. That definitely makes 13B way more sane.
They’ve raised $32 billion total. Does it still sound sane?
5B run rate explains the wild 183B valuation better. The calculus is usually a solid return after 3 years and double or better by 5, so they’re being on something like a 500B valuation by 2030.
And they very likely won’t be profitable in the real sense even then.
The $5B run rate, as I understand it, is smoke and mirrors. Each dollar they make costs them much more than that dollar. Sell it at a loss, but make it up on volume!
Something something efficiency
The models are only getting more expensive to train and run as they increase in complexity.
Just remember that actual profit isn’t important to investors. They’re only here make money on the growth of the investment.
Goddamn parasites.
At the end of the day, somebody will be stuck holding the bag. They’ll probably have to IPO, so that retail investors can burn their life’s savings. That or they’ll get bailed out, in which all taxpayers get to absorb this insane pyramid scheme.
What we lose on sales we make up for in volume
Does this imply that it’s the sixth round?
Goddamn.
They just did a fundraising round and raised like $13b
.
If I could pirate a bunch of content then pay back only 10% of the value while pocketing the rest I’d be thrilled
This is just the cost of doing business for Anthropic.
No particular material harm to the business. Declare the matter settled, everything is fine and dandy, and now they have carte blanche to rape and pillage the next
villagedataset.Haha what a funny way to say massive fraud and money laundering
Is any of that money actually going to the authors, or is this just like a fine they hand over and they donate some money to a charity or something?
Don’t be silly.
So… how long does it take before a company stops being called a startup?
Lmao, right. 1.5 Billy just laying around? Probably not much of a startup anymore…
When they’re weaned from the teat of round after round of investment
Probably once they can stand on their own merits and make a profit. So never in the case of AI companies.
Once it starts actually generating profits id assume. Or in most cases once it gets bought out.
Yeah, the definition is (or at least used to be) that a startup doesn’t have a business model yet.
Now that is how you build a Mote
Glad to see they have to pay up but what was different about this compared to the similar case that Meta won the other day?
Meta has more money and is apparently immune from consequences?
No if you pay the president enough he will let you commit crimes against humanity.
I mean that’s essentially the same thing I said just with more words.
Meta has money. Which makes them immune to consequences.
In this case, by way of bribes.
You didn’t counter my statement. You just added to it.
It’s not really a good thing though. $1.5bil will be a drop in the bucket for them. This is a settlement, which means it won’t set any legal precedence.
Next time don’t download the pirate library.
Next time don’t get caught downloading the pirate library.
FTFY
Everyone cheering for this will see no benefit from it.
Rubes.
ah yes, a “startup” that has at least 1.5 billion