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Google plans to invest up to $40B in Anthropic

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Re: Google plans to invest up to $40B in Anthropic

#171

Post by hellisothers »

Jagerbizzle wrote: post #162
an0malous wrote: post #153

Earlier quoted context omitted.

What is all this AI doing? People are spending 10’s to 100’s of billions and no service or technology seems better or cheaper. Everything is more expensive and worse.

I'm burning an insane number of tokens 8-12 hours a day for the dramatic improvement of some internal tooling at a big tech company. Using it heavily for an unannounced future project as well. I presume I'm not the only one.

Same and it is working really well (I say contra to most individual reporting).

Re: Google plans to invest up to $40B in Anthropic

#172

Post by _puk »

an0malous wrote: post #153
tiffanyh wrote: post #116

Earlier quoted context omitted.

That’s what’s needed when you go from $9B in ARR … to $30B in ARR literally just one quarter later . That kind of insane growth & demand is unprecedented at that scale. https://www.anthropic.com/news/google-broadcom-partnership-c...

What is all this AI doing? People are spending 10’s to 100’s of billions and no service or technology seems better or cheaper. Everything is more expensive and worse.

I keep seeing this take.

And yet.. building shit is no longer the sole domain of the software engineer.

That's the sea change.

I've literally had finance and GTM stand things up for themselves in the last few weeks. A few tweaks (obviously around security and access), and they are good to go.

They've gone from wrangling spreadsheets to smooth automated workflows that allow them to work at a higher level in a matter of months.

That's what all this AI is doing. The shit we could never get the time to get around to doing.

Re: Google plans to invest up to $40B in Anthropic

#173

Post by stephc_int13 »

siva7 wrote: post #129
stephc_int13 wrote: post #78

My opinion about this is that Google see it as a way to weaken OpenAI, and few other side benefits, including the option to acquire Anthropic. And it may very well be bad news for OpenAI.

That boat has sailed off. Not even Google has the cash to buy a company valued at almost a trillion dollars.

Maybe, I think there is a lot of uncertainty about valuations of AI labs in the near to medium future.

OpenAI crashing would be good news and bad news for Anthropic investors.

Re: Google plans to invest up to $40B in Anthropic

#175

Post by nmilo »

throwawaytea wrote: post #70
JumpCrisscross wrote: post #56

Earlier quoted context omitted.

> it's apparently worth more than products Americans constantly buy and rely on for their main life What are you counting in this category?

There are countless examples, but let's say Ford. Worth $150 billion, $50 billion not counting debt. My neighbors just gave Ford $60k. It'll be a while until my neighbor gives Anthropic $60k.

Valuations are based on future expected earnings, not revenue. It cost Ford a lot of money to make that $60k car. The margins for AI companies are unknown but the market is pricing that they’ll be higher at one point. Not that they’ll attract more revenue from the average person.

Re: Google plans to invest up to $40B in Anthropic

#176

Post by BloondAndDoom »

Jagerbizzle wrote: post #162
an0malous wrote: post #153

Earlier quoted context omitted.

What is all this AI doing? People are spending 10’s to 100’s of billions and no service or technology seems better or cheaper. Everything is more expensive and worse.

I'm burning an insane number of tokens 8-12 hours a day for the dramatic improvement of some internal tooling at a big tech company. Using it heavily for an unannounced future project as well. I presume I'm not the only one.

AI is truly perfect for internal tooling. Security is less or no concern, bugs are more acceptable, performance / scalability rarely a concern. Quickest way to get things done, and speed up production development, MVP development etc.

Re: Google plans to invest up to $40B in Anthropic

#177

Post by adrithmetiqa »

xtracto wrote: post #163
an0malous wrote: post #153

Earlier quoted context omitted.

What is all this AI doing? People are spending 10’s to 100’s of billions and no service or technology seems better or cheaper. Everything is more expensive and worse.

Haven't you seen all the layoffs? Ive been subscribed to r/layoffs for 5+ years, and since a couple of months ago, it's been crazy noisy. My hypothesis is that companies dont want to offer cheaper nor better services. Only want to cut costs and keep the revenue for investors. I other news, TQQQ is pretty high!

Subscribers will not enable these companies to make their money back. The only way is for them to eat the economy itself

Re: Google plans to invest up to $40B in Anthropic

#178

Post by se4u »

Jagerbizzle wrote: post #162
an0malous wrote: post #153

Earlier quoted context omitted.

What is all this AI doing? People are spending 10’s to 100’s of billions and no service or technology seems better or cheaper. Everything is more expensive and worse.

I'm burning an insane number of tokens 8-12 hours a day for the dramatic improvement of some internal tooling at a big tech company. Using it heavily for an unannounced future project as well. I presume I'm not the only one.

I'd be interested to learn what kind of internal tooling are you improving ?

Re: Google plans to invest up to $40B in Anthropic

#179

Post by hmaxwell »

xtracto wrote: post #163
an0malous wrote: post #153

Earlier quoted context omitted.

What is all this AI doing? People are spending 10’s to 100’s of billions and no service or technology seems better or cheaper. Everything is more expensive and worse.

Haven't you seen all the layoffs? Ive been subscribed to r/layoffs for 5+ years, and since a couple of months ago, it's been crazy noisy. My hypothesis is that companies dont want to offer cheaper nor better services. Only want to cut costs and keep the revenue for investors. I other news, TQQQ is pretty high!

I'm wondering whether the layoffs are partly targeting people who haven't adapted to using AI tools, particularly those who are openly dismissive of AI-assisted work.

Re: Google plans to invest up to $40B in Anthropic

#180

Post by applfanboysbgon »

siva7 wrote: post #123
iLoveOncall wrote: post #121

Earlier quoted context omitted.

Run-rate revenue is not ARR. For all we know they could have a revenue of $100 and claim a run-rate revenue of $30B. Given the fact that both Altman and Amodei are pathological liars, there's absolutely no reason to believe that Anthropic has $30B ARR.

the fact!?

I don't follow Anthropic closely enough to know what claims its CEO has made, but it is factual that Altman is a pathological liar. You can observe this for yourself by reading and listening to the things he says and then comparing them to reality. We have years of evidence to look back on. The chasm between Altman's reality and everyone else's is so large and so well-known that it was one of the chief factors cited by the board when he was fired.

(I would then argue that he was re-hired specifically because others involved with OpenAI understood that it is literally his job to lie and that OpenAI would not be where it is today as a corporate behemoth rather than a research non-profit without a world-class liar marketing it, but that is merely conjecture.)

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