How is Anthropic, OpenAI and xAi going to compete against the likes of Google that can spend $200 billion a year? It’s an impossible war and all these investors are throwing their money into a bottomless insatiable pit of money.
Until the funding stops for one reason or another and then everyone loses all their money at once like a star that collapses into a black hole singularity in a femtosecond.
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nadis
> "It has been less than three years since Anthropic earned its first dollar in revenue. Today, our run-rate revenue is $14 billion, with this figure growing over 10x annually in each of those past three years."
Wild although not entirely surprising. Congrats, Anthropic.
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criddell
I wonder how good it is for companies to be allowed to grow so big and still be private? Would it makes sense to require any company with more than a billion dollar valuation to be subject to all the same SEC requirements that public companies are? Could companies be blocked from raising money once the reach a crazy valuation like $1 billion?
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rhrtah
Goldman Sachs recently stoked fear about software stocks due to claimed AI competition.
What if their strategy is this: slowly drive down software stocks, keep talking about AI, buy the downward market. Then cash in on the IPOs of OpenAI and Anthropic.
Then let OpenAI and Anthropic implode. Goldman Sachs had no problems underwriting webvan at the end of 1999, which then imploded in 2000.
Anyway, I just valued my dog at $1 billion post-money. You can buy it at pets.com.
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saagarjha
Kind of amusing that there is basically no mention of their original mission at all here.
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modeless
$14B revenue run rate is the interesting number here.
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dest
Soon we will lack letters for funding rounds!
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__mharrison__
Great, they can pay me the $60k they owe me for pirating my books...
gigatexal
380? Weren’t they talking numbers like 500B? Isn’t this a bad sign?
bilsbie
Is this a fair valuation?
matt3210
Oh dang, no wonder they’re auto coding so much garbage in public (crap c compiler, crap browser, crap salesforce).
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xvector
How are they not overvalued? At some point OSS will be sufficient for most businesses, what then?
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SoftTalker
Annoyed parent voice: What happened to the $13 billion I gave you 4 months ago?
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nradov
When will we see the first $1T valuation for a private company? What do you call a herd of 1000 unicorns together?
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2OEH8eoCRo0
Is everyone competing to steal Google's ad cash-cow? This is the only way these investments make sense.
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bix6
> The number of customers spending over $100,000 annually on Claude (as represented by run-rate revenue) has grown 7x in the past year.
Looks like major uptake from businesses. But all these articles keep saying there isn’t any actual value creation?
hchak
They did say they were going to cover the electricity bills...
IshKebab
Absolutely wild valuation given their lack of a moat isn't it?
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Yizahi
"Post-money" is the euphemism for the glorious end of capitalism, when we will be paying in corporate scrip, Arasaka-style? :)
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verdverm
it's crazy that Google is spending something like 4x this in a year just for capex
wonder how much of that $30B will make it their way and pay that down
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cube00
Anthropic is the clear category leader in enterprise AI
How is Anthropic, OpenAI and xAi going to compete against the likes of Google that can spend $200 billion a year? It’s an impossible war and all these investors are throwing their money into a bottomless insatiable pit of money.
Until the funding stops for one reason or another and then everyone loses all their money at once like a star that collapses into a black hole singularity in a femtosecond.
> "It has been less than three years since Anthropic earned its first dollar in revenue. Today, our run-rate revenue is $14 billion, with this figure growing over 10x annually in each of those past three years."
Wild although not entirely surprising. Congrats, Anthropic.
I wonder how good it is for companies to be allowed to grow so big and still be private? Would it makes sense to require any company with more than a billion dollar valuation to be subject to all the same SEC requirements that public companies are? Could companies be blocked from raising money once the reach a crazy valuation like $1 billion?
Goldman Sachs recently stoked fear about software stocks due to claimed AI competition.
What if their strategy is this: slowly drive down software stocks, keep talking about AI, buy the downward market. Then cash in on the IPOs of OpenAI and Anthropic.
Then let OpenAI and Anthropic implode. Goldman Sachs had no problems underwriting webvan at the end of 1999, which then imploded in 2000.
Anyway, I just valued my dog at $1 billion post-money. You can buy it at pets.com.
Kind of amusing that there is basically no mention of their original mission at all here.
$14B revenue run rate is the interesting number here.
Soon we will lack letters for funding rounds!
Great, they can pay me the $60k they owe me for pirating my books...
380? Weren’t they talking numbers like 500B? Isn’t this a bad sign?
Is this a fair valuation?
Oh dang, no wonder they’re auto coding so much garbage in public (crap c compiler, crap browser, crap salesforce).
How are they not overvalued? At some point OSS will be sufficient for most businesses, what then?
Annoyed parent voice: What happened to the $13 billion I gave you 4 months ago?
When will we see the first $1T valuation for a private company? What do you call a herd of 1000 unicorns together?
Is everyone competing to steal Google's ad cash-cow? This is the only way these investments make sense.
> The number of customers spending over $100,000 annually on Claude (as represented by run-rate revenue) has grown 7x in the past year.
Looks like major uptake from businesses. But all these articles keep saying there isn’t any actual value creation?
They did say they were going to cover the electricity bills...
Absolutely wild valuation given their lack of a moat isn't it?
"Post-money" is the euphemism for the glorious end of capitalism, when we will be paying in corporate scrip, Arasaka-style? :)
it's crazy that Google is spending something like 4x this in a year just for capex
wonder how much of that $30B will make it their way and pay that down
Anthropic is the clear category leader in enterprise AI
Citation needed.