Annoyed parent voice: What happened to the $13 billion I gave you 4 months ago?
Anthropic raises $30B in Series G funding at $380B post-money valuation
121–130 of 476 posts
Re: Anthropic raises $30B in Series G funding at $380B post-money valuation
#122How 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.
Google fucks up 90% of their products, why do you think Gemini is in the 10%?
The conclusion Google is engaged in consumer capitalism is wild.
They're engaged in computing research and merely engage in consumer capitalism as a consequence of political and social constraints.
Products are a means to an end not the goal.
OpenAI and Anthropic are product companies and are more likely to fail like most product companies do as they will lack broad and wide depth.
Google has experience in design, implementation, and 24/7 ops with every type of SaaS there is. They can bin LLMs tomorrow and still make bank. Same cannot be said for OAI or Anthropic.
Re: Anthropic raises $30B in Series G funding at $380B post-money valuation
#123Earlier quoted context omitted.
What do you value a company at that has gotten to $14b in revenue in 3 years and has 60%+ margin on inference? Just out of curiosity.
I am struggling with this because I have an Anthropic offer vs another equivalent offer that is all cash. But project out forwards. - What happens when Google builds a similar model? Or even Meta, as far behind as they are? They have more than Anthropic in cash flow to pour into these models. - What happens when OSS is "enough" for most cases? Why would anyone pay 60% margins on inference? What is Anthropic's moat? T…
I've been in this situation before. Anthropic has a stupid business model but the market can stay irrational longer than you can stay solvent. If you get in there you will be aligned with people who structurally do not lose.
Re: Anthropic raises $30B in Series G funding at $380B post-money valuation
#124Earlier quoted context omitted.
Also Theranos was do-or-die and we know how it ended.
I fail to see what that has to do with this?
Just because something is in do-or-die situation doesn't mean that they have some kind of magical advantage over fat cat. Being in that situation means there is very real possibility of doing "die" part and we have lots of examples of them doing so.
Re: Anthropic raises $30B in Series G funding at $380B post-money valuation
#125Annoyed parent voice: What happened to the $13 billion I gave you 4 months ago?
check your credit card statement Dad
Re: Anthropic raises $30B in Series G funding at $380B post-money valuation
#126Earlier quoted context omitted.
I'm trying paid tier Gemini and it doesn't allow to keep have personal chat history when you disable training on your data, on reload of the page your chat is gone. Even free tier of ChatGPT allows disabling training on your data while allowing to keep such basic functionality. Some technical advancements are not worth it if you do not respect your users.
Yeah I’m never using a Google product. The sole purpose of their company is to be evil. At least other companies are indifferent.
Google is evil in passive way, like sprawling bureaucracy making you life slowly worse and worse but also doing some stuff to at least some fraction of population. OpenAI and Sam are determined and energetic evil, laser focused on making whole human population jobless and homeless in shortest way possible and not producing anything else of value, no other products. I'd rather prefer the former evil out of the two.
Re: Anthropic raises $30B in Series G funding at $380B post-money valuation
#127How 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.
Well there's a good reason that OpenAI partnered up with Microsoft. The calculation is that the established big techs - Amazon, Apple, Microsoft, Google, Meta are all going to be significantly impacted by AI so it's not unreasonable to look at Anthropic at 10% of their market cap as a reasonable value. Would it be worth Apple to bring Anthropic in house? They failed to deliver AI themselves, they know the risks of be…
> they know the risks of being dependent on Google
I wouldn't argue it's that risky. Look at their past entanglements:
1. Google Default Search Bribe - brings in $20B a year for literally doing nothing
2. Google Maps: Google let them build their own custom app using Google's backend, and it worked fine all the way up until Apple chose to exit that arrangement
actually I can't think of any others, but is there an example of Apple getting burned by Google?
Re: Anthropic raises $30B in Series G funding at $380B post-money valuation
#128How 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.
Google fucks up 90% of their products, why do you think Gemini is in the 10%?
well, it's basically existential, so the incentive is there to not only get it very right but also to limit the delta with how right anyone else gets it. The same can't really be said of the long tail of products Google have done.
Look to GCP as an example. It had to be done, with similar competitive dynamics, it was done very well.
Look to Android as another.
Re: Anthropic raises $30B in Series G funding at $380B post-money valuation
#129Re: Anthropic raises $30B in Series G funding at $380B post-money valuation
#130> "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.
What are the benefits ?
If you give me $1T to spend, I, too, can probably make $14B (this is a metaphor)