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Anthropic raises $30B in Series G funding at $380B post-money valuation

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Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#151

Post by fragmede »

xvector wrote: post #79
vessenes wrote: post #71

Earlier 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…

Big picture, sure. We can talk about the millions that corporations will make and who's going to do what. But you're a person. $1 million in options is probably meaningful for you. Companies aren't IPOing, but the secret is that they're still paying employees cash for their options. SpaceX employees have had what's called a tender, which means they get to sell some of their hypothetical SpaceX options for cold hard cash in the bank that you can use to pay your mortgage. There's zero guarantee that Anthropic will do such a thing before the bubble bursts, but if they do, and you're there, who cares about a software company moat when you have enough money to buy a castle in Napa and pay to have a real actual moat with water in it and crocodiles, if that's what you want.

Others are made of different stuff, and are going to go right back to work, even though they could go off to a beach for the rest of forever somewhere.

Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#152

Post by hiq »

logicchains wrote: post #144
mrtksn wrote: post #96

Earlier quoted context omitted.

Theoretically Apple can spend just as much. What are the outcomes though? All those giants have their own business that are established and profitable. It’s the new kids in the block that will make the difference. You know those lists on twitter about how many companies US has in top 10 and are presented as a win? Those are actually lists of capital concentrations blocking innovation. It looks like US is winning but…

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> bigger cars

I gotta say, I found this one especially funny as I currently don't have a car and that's actually my biggest luxury: being able to go around without one and no spending time in commute.

Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#153

Post by lenerdenator »

longfacehorrace wrote: post #139
lenerdenator wrote: post #38

Earlier quoted context omitted.

Technically speaking, it's to maximize shareholder value while serving the public interest . They're a public benefit corporation.

OpenAI has "open" in their name but is closed off to public access and input Google used to have a motto "don't be evil" Who enforces the definition of language? Who demands compliance? Soon as we go down the path of policing and insistence on one true dogma, we veer into religious holy war type behavior. Obsession with semantics of syntax is a sort of theism even if the syntax and semantics do not refer to the commo…

In this case, it has to do with how they're classified under Delaware law as a corporate entity.

I'm not a lawyer (I don't even play one on TV, damn you Odenkirk) so I can't tell you what that means as far as case law for companies getting punished for behaving badly, but in this case, there is supposedly some sort of legal backing for the classification.

Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#154

Post by stackghost »

logicchains wrote: post #144
mrtksn wrote: post #96

Earlier quoted context omitted.

Theoretically Apple can spend just as much. What are the outcomes though? All those giants have their own business that are established and profitable. It’s the new kids in the block that will make the difference. You know those lists on twitter about how many companies US has in top 10 and are presented as a win? Those are actually lists of capital concentrations blocking innovation. It looks like US is winning but…

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>As measured by prosperity life in the US is better; the poorest US state has a higher GDP per capita than most western European countries.

GDP per capita/prosperity is a poor proxy for quality of life. The US is lagging most of the developed world in most quality of life metrics, even as reported by US news outlets, which don't rank the US in even the top 20: https://www.usnews.com/news/best-countries/rankings/quality-...

>Americans have bigger houses, more food, bigger cars,

The size of one's house or car is at best weakly-correlated with quality of life. I would rather not own a car at all and be able to walk everywhere, rather than spend hours of my life commuting in a gigantic SUV.

>bigger salaries, and access to better medical care and schools if they've got an okay job.

The US ranks the lowest in the developed world for life expectancy, and among the highest in obesity globally (obesity being a major determinant of health). The US remains the only developed country where an unlucky dice roll (e.g. genetic-linked cancer) will bankrupt you and destroy the livelihoods of your children.

This is not the flex you think it is.

Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#155

Post by jiggawatts »

jeffbee wrote: post #149
jiggawatts wrote: post #117

Earlier quoted context omitted.

Another basic feature that’s missing is sharing a Gemini chat as a link anyone can view. OpenAI figured this out: it’s awesome marketing when people send each other links to the app with a convenient text box to continue the conversation. It’s viral. Google meanwhile set this up so that “anyone with the link can view” is actually “anyone with the link and a Google account”. That’s grade A failure of marketing. The PM…

This doesn't sound right. I just opened a shared link in a fresh incognito window and it works fine.

Try sharing from the Google AI Studio Playground.

E.g.: https://aistudio.google.com/app/prompts?state=%7B%22ids%22:%...

Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#156

Post by BowBun »

logicchains wrote: post #144
mrtksn wrote: post #96

Earlier quoted context omitted.

Theoretically Apple can spend just as much. What are the outcomes though? All those giants have their own business that are established and profitable. It’s the new kids in the block that will make the difference. You know those lists on twitter about how many companies US has in top 10 and are presented as a win? Those are actually lists of capital concentrations blocking innovation. It looks like US is winning but…

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It's telling that the measure of quality of life you use in this comment is entirely materialistic in nature. I also challenge the idea that US provides 'access to better medical care', as it is pretty well documented that Americans spend more for lower quality care compared to similar developed countries.

I believe this cultural divide is a big reason America won't make it back to the top - insatiable desire for wealth and a lack of values-based principals. Ironically US companies are the first to tout their 'values' in the workplace.

Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#157

Post by WarmWash »

sousousou wrote: post #150
mrtksn wrote: post #96

Earlier quoted context omitted.

Theoretically Apple can spend just as much. What are the outcomes though? All those giants have their own business that are established and profitable. It’s the new kids in the block that will make the difference. You know those lists on twitter about how many companies US has in top 10 and are presented as a win? Those are actually lists of capital concentrations blocking innovation. It looks like US is winning but…

Sometimes I worry about the incentives for innovation in the US. Step 1, find something to innovate on, sell the promise of it to investors. Step 2, build a prototype or worst case, build it for real and start generating income from your truly innovate and unique product. Step 3, get acquired by a large company and then shut down because your product competed with theirs. End result, general public possibly benefited…

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Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#158

Post by IncreasePosts »

johntiger1 wrote: post #60
reenorap wrote: post #51

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.

Google's only focus isn't on Gemini. Anthropic is do-or-die

Look at Sundar's most recent remarks and tell me Google's isn't only focusing on AI: https://blog.google/company-news/inside-google/message-ceo/a...

Basically "we have youtube subscribers" is the only thing that isn't all about AI, but even that i'm sure they're trying to figure out how to shoehorn AI into that product

Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#159

Post by bix6 »

nikcub wrote: post #142
xvector wrote: post #21

How are they not overvalued? At some point OSS will be sufficient for most businesses, what then?

Funny I consider this valuation modest considering what the max extent of the investment thesis is here. SaaS and legal market caps have already contracted a multiple of the combined OpenAI + Anthropic valuations just based on the _threat_ of what they may be able to accomplish. They'll have the data + knowledge edge over open alternatives and be able to implement + deploy (see the story about Anthropic employees bei…

What’s your max extent? I was just doing some napkin math to think about where they’ll cap out.

Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#160

Post by 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?

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