Is it just me or does something smell... bubbly in here?
Anthropic raises $13B Series F
61–70 of 661 posts
Re: Anthropic raises $13B Series F
#62The compute moat is getting absolutely insane. We're basically at the point where you need a small country's GDP just to stay in the game for one more generation of models. What gets me is that this isn't even a software moat anymore - it's literally just whoever can get their hands on enough GPUs and power infrastructure. TSMC and the power companies are the real kingmakers here. You can have all the talent in the w…
Just in case, can they be repurposed for bitcoin mining? :)
Edit: for the curious, no. An H100 costs about ~25k and produces $1.2/day mining bitcoin. Without factoring in electricity.
Re: Anthropic raises $13B Series F
#63I feel like the money itself makes less and less sense these days. It's just numbers that are becoming increasingly detached from the real world
Money is impossible. Money is beautiful. Money is theft.
[Voted down by the cash cabal! Arise! Knowledge workers of the world, you have nothing to lose but your SPARE CHANGE!]
Re: Anthropic raises $13B Series F
#64The compute moat is getting absolutely insane. We're basically at the point where you need a small country's GDP just to stay in the game for one more generation of models. What gets me is that this isn't even a software moat anymore - it's literally just whoever can get their hands on enough GPUs and power infrastructure. TSMC and the power companies are the real kingmakers here. You can have all the talent in the w…
And distillation makes the compute moat irrelevant. You could spend trillions to train a model, but some companies is going to get enough data from your model and distill it's own at a much cheaper upfront cost. This would allow them to offer them for cheaper inference cost too, totally defeating the point of spending crazy money on training.
Re: Anthropic raises $13B Series F
#65Impressive round but it seems unlikely this game can go on much longer before something implodes. Given the amount of cash you need to set of fire to stay relevant it’s becoming nearly impossible for all but a few players to stay competitive, but those players have yet to demonstrate a viable business model.
With all these models converging, the big players aren’t demonstrating a real technical innovation moat. Everyone knows how to build these models now, it just takes a ton of cash to do it.
This whole thing is turning into an expensive race to the bottom. Cool tech, but bad business. A lot of VC folks gonna lose their shirt in this space.
Re: Anthropic raises $13B Series F
#66Earlier quoted context omitted.
People said the same about Open AI in 2023, only valued at $30 billion at the time, and then seemingly overnight Chat GPT become a major commercial product rivaling Google. Or Tesla valuations in 2019. It went from a niche brand to Teslas everywhere after Covid. These VCs are not as irrational as commonly assumed. They know if a product gains critical mass , it can become everything.
It's still bleeding money with no profitability in sight, niche product or household name
same again for Amazon, Tesla, Uber and others. Then they began making billions. Anthropic is not a niche anymore though. Same for Chat GPT.
Re: Anthropic raises $13B Series F
#67Earlier quoted context omitted.
It's a post-money valuation, so that suggests the money involved has transcended beyond actual moneyness into some other post-meaningful realm.
Post-money just means you add the value of the actual investment into the valuation. E.g. The pre-money valuation would be 183B - 13B. i.e. pre-money valuation would be 170B
I think you missed their joke :)
Re: Anthropic raises $13B Series F
#68Wait did I see “ Ontario Teachers' Pension Plan” as an investor? Are they putting Canadian public funds into Anthropic?
Weren't they also a significant investor in FTX?
Re: Anthropic raises $13B Series F
#69Wait did I see “ Ontario Teachers' Pension Plan” as an investor? Are they putting Canadian public funds into Anthropic?
Yes.
Re: Anthropic raises $13B Series F
#70I feel like the money itself makes less and less sense these days. It's just numbers that are becoming increasingly detached from the real world
If I had a dime for every time I see this kind of hot take, I'd be able to buy an H200 with that.
A man looks at economics. Understands nothing. Thinks it must be all fake and made up. He must be so smart for seeing it through!