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Google plans to invest up to $40B in Anthropic

bloomberg.com

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

#621

Post by fireflash38 »

ordinaryradical wrote: post #59

It feels like the market is full Wiley Coyote on frontier model makers, and I like Anthropic's B2B business model. But all progress points to a commodification of foundation models--Google first named it as "we have no moat, neither does anyone else." So there must be some secondary play driving this, right? Hardware sales? Hedging for search ad revenue? Still feels mispriced. I think asset inflation leaves too much…

I don't get why people are so gung-ho about these companies having a moat.

As a user and a consumer, I don't want them to have a moat. Moat means pseudo-monopoly. That is the exact opposite of what we want.

Only the investors and owners want a moat, to keep others out.

So what they're doing? They're competing. Good.

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

#622

Post by datavirtue »

2ndorderthought wrote: post #580
HappMacDonald wrote: post #560

Earlier quoted context omitted.

Are we replacing "Let me google that for you" with "Here is a prompt to feed ChatGPT" now? Edit: I am not asking whether ChatGPT is better than Google Search, I am asking after the standard dodge of citing one's sources.

Google search has gone way down hill after they nerfed it and then did nothing to prevent the flood of AI slop seo websites. So unfortunately, instead of sharing links everyone now gets sent to the inefficient text generator that hallucinates nonsense and will color the average summary of a topic by whoever trained it and your most recent chat history instead.

I haven't run a Google search in two years. Your comment just made me realize that. Doing a Google search is like trying to watch cable after being on YouTube for years.

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

#623

Post by svieira »

_zoltan_ wrote: post #545
cobolcomesback wrote: post #308

Earlier quoted context omitted.

This comment makes me want to scream.

This is not going away. Even right now the difference with working with 'AI native' developers or with regular developers is day and night. I certainly wouldn't want a non-clause enabled developer on my team now.

> I certainly wouldn't want a non-clause enabled developer on my team now.

You only want to work with people who are hip with the North Pole?

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

#624

Post by chiffaa »

HappMacDonald wrote: post #560
throwaway2037 wrote: post #533

Earlier quoted context omitted.

> To be honest, I think "vendor financing" is still a very risky premise. Are you aware that all heavy industry in all highly developed nations make extensive use of vendor financing to sell their products? Siemens is a perfect example of a well-run, stable, industrial giant. They offer vendor financing for large purchases. Same for the "heavies" (Mitsubishi, Kawasaki, IHI, Hyundai, Doosan, Hanjin) in Japan and Korea…

Are we replacing "Let me google that for you" with "Here is a prompt to feed ChatGPT" now? Edit: I am not asking whether ChatGPT is better than Google Search, I am asking after the standard dodge of citing one's sources.

Very tangentially related comment, but I remember seeing a post on a local Facebook clone with a prompt to throw at Claude to "make a custom YouTube downloader for MacOS", so the general "Here is a prompt to feed an LLM" is somewhat real for some, apparently

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

#625

Post by grafmax »

netcan wrote: post #534
skybrian wrote: post #276

Context: a few weeks ago, Anthropic signed a deal to buy "multiple gigawatts of next-generation TPU capacity" from Google and Broadcom [1]. There have been several previous deals, too. Some people call this sort of thing a "circular deal", but perhaps a better way to think of it is as a very large-scale version of vendor financing? The simple version of vendor financing is when a vendor gives a retailer time to pay f…

So yes, but that doesn't negate the circular investment aspect, for most intents and purposes. The risk is from this structure is mostly to do with how this affects market cap. Companies using the value of their shares to fund demand for their services. That's a risk.

The tech industry goes through investment phases to produce oligopolies it turns around and enshittifies, parasitizing income off what it has built. Venture capital, acquisitions, acquihires, circular investments - It’s been incestuous for years. The question is whether competition from China’s sophisticated tech sector, which already surpasses the US in many areas, will put a pin in these plans this time round.

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

#626

Post by svieira »

andriy_koval wrote: post #193
hellisothers wrote: post #171

Earlier quoted context omitted.

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

I have some coworker who says something similar, he vibe coded tons of cryptic code, which indeed solves some problem though could be way more compact and well structured. Now it is hitting complexity limitation, since llm now cant comprehend it, and human cant comprehend it by large a margin.

I went through one the other day which was a nest of Go code which boiled down to a 10 line shell script.

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

#628

Post by simianwords »

fnoef wrote: post #607
simianwords wrote: post #589

Earlier quoted context omitted.

Technology and productivity have reduced more death than any redistribution

Who said redistribution? This money could be invested in universal healthcare, or into AI research for medicine. But hey, I guess replacing developers and generating slop is more beneficial to our society.

yes, replacing developers is better for sustained growth and reduced poverty and not your pet projects.

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

#629

Post by svieira »

UltraSane wrote: post #214
throwawaytea wrote: post #45

If you added up all the major AI valuations, it's apparently worth more than products Americans constantly buy and rely on for their main life. So either AI is going to be involved in every Americans life to a large degree, and paying real money for, or these valuations are insanely wrong.

The valuations on AI companies are a bet on them capturing enough of the $60 trillion annual wages paid to people to have a good ROI.

And when these AI companies are slurping up $30 trillion of the annual wages ... where does it re-enter the human economy? Or does it just disappear into NVIDIA and never come out again?
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