Anthropic raises $13B Series F • Hacker News Board

Re: Anthropic raises $13B Series F

#71

Post by datadrivenangel » Tue, Sep 02, 2025, 4:44 PM UTC

j7ake wrote: post #59

Wait did I see “ Ontario Teachers' Pension Plan” as an investor? Are they putting Canadian public funds into Anthropic?

That's how investments these big get made: pension funds and other similar trusts need returns, and at a certain point if softbank says they have a way to deploy billions of dollars you don't have better options...

Re: Anthropic raises $13B Series F

#72

Post by Zigurd » Tue, Sep 02, 2025, 4:44 PM UTC

Substitute fiber and routers for GPUs and this starts to look familiar.

Re: Anthropic raises $13B Series F

#73

Post by j45 » Tue, Sep 02, 2025, 4:44 PM UTC

Very happy for them - curious if the funding will help with the current capacity issues.

5 minutes into my first opus prompt on Claude Code on an empty repo, I've already been warned by Claude Code that I'm about to hit my opus limit despite not using it in 12 days.

Re: Anthropic raises $13B Series F

#74

Post by Symmetry » Tue, Sep 02, 2025, 4:44 PM UTC

stravant wrote: post #30

jdoliner wrote: post #5

Every round Anthropic raises twists the knife deeper in SBF. If only he could have survived the downturn his Antropic investment alone probably could have papered over the other loses.

That assumes he would have stopped with the shenanigans, which is a pretty big if.

Proudly proclaiming on the Conversations With Tyler podcast that given a double or nothing bet with a 51% chance of success he'd keep playing forever.

Re: Anthropic raises $13B Series F

#75

Post by charcircuit » Tue, Sep 02, 2025, 4:44 PM UTC

StopDisinfo910 wrote: post #37

aaronblohowiak wrote: post #11

Earlier quoted context omitted.

alphabet is "worth" 2.45 trillion on the public market, is anthropic worth a bit less than 10% of google going forward? I don't think that's entirely unreasonable...

Alphabet 2024 revenue: 350 billions dollars Anthropic 2024 revenue: 1 billion dollars Unreasonable doesn’t even start to capture it. Anthropic being worth 10% of Alphabet is beyond insane.

The valuation is not based solely on last year's revenue. Revenue doesn't really matter at this point.

Re: Anthropic raises $13B Series F

#76

Post by tzury » Tue, Sep 02, 2025, 4:44 PM UTC

When your product is 5x better than OpenAI, you can afford ~40% of their valuation, especially when you achieved it with simpler marketing strategies.

Re: Anthropic raises $13B Series F

#77

Post by loeg » Tue, Sep 02, 2025, 4:45 PM UTC

brandall10 wrote: post #42

bambax wrote: post #21

Earlier quoted context omitted.

Probably would have made his crimes less visible, but not less criminal.

Let's not pretend there aren't multitudes out there doing similar things who never get caught. SBF was just more egregious and untimely w/ his actions.

There are not.

Re: Anthropic raises $13B Series F

#78

Post by y0eswddl » Tue, Sep 02, 2025, 4:45 PM UTC

StopDisinfo910 wrote: post #37

aaronblohowiak wrote: post #11

Earlier quoted context omitted.

alphabet is "worth" 2.45 trillion on the public market, is anthropic worth a bit less than 10% of google going forward? I don't think that's entirely unreasonable...

Alphabet 2024 revenue: 350 billions dollars Anthropic 2024 revenue: 1 billion dollars Unreasonable doesn’t even start to capture it. Anthropic being worth 10% of Alphabet is beyond insane.

And that's not even looking at profits vs valuation...

Re: Anthropic raises $13B Series F

#79

Post by scottLobster » Tue, Sep 02, 2025, 4:45 PM UTC

llamasushi wrote: post #22

The 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…

Roughly 1% of US GDP in 2025 was data center construction, mostly for AI.

Re: Anthropic raises $13B Series F

#80

Post by datadrivenangel » Tue, Sep 02, 2025, 4:46 PM UTC

aaronblohowiak wrote: post #11

duxup wrote: post #2

These numbers seem made up at times / difficult to comprehend what they expect is happening ...

alphabet is "worth" 2.45 trillion on the public market, is anthropic worth a bit less than 10% of google going forward? I don't think that's entirely unreasonable...

It's both insane and not unreasonable. If Anthropic's internal version of Claude Code gets so good that they can recreate all of google's products quickly there's no moat anymore.

If AI is winner take all, then the value is effectively infinite. Obviously insane, but maybe it's winner take most?