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Anthropic raises $65B in Series H funding at $965B post-money valuation

anthropic.com

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Re: Anthropic raises $65B in Series H funding at $965B post-money valuation

#51

Post by dchftcs »

cmiles8 wrote: post #36
ignoramous wrote: post #28

Earlier quoted context omitted.

How? OpenAI and Antrophic are basically the Big 2 racing away at light speed; the others who can't get near them are perhaps shaky & vulnerable. And sure, there's a garden full of those.

Because the market almost certainly can’t support two foundation model labs given the increasingly little difference across models and the massive sums of cash required to keep it all going. There is no big 2, just a race to survive and be the big 1.

China will make sure they have a frontier lab, there's plenty of chance for Google to catch up once the compute crunch gets more serious.

Re: Anthropic raises $65B in Series H funding at $965B post-money valuation

#52

Post by alecco »

cmiles8 wrote: post #12

Probably the bigger headline here is that they’ve blown past OpenAI in revenue and valuation, with OpenAI looking increasingly shaky and vulnerable.

Anthropic is at the mercy of 3rd party datacenter contracts. AFAIK OpenAI will soon run mostly on on their own GPUs.

I don't like Altman and I am still upset about his memory deal last year but he prepared for the current shortages months before anybody else. Meanwhile, Anthropic seems to lack any plans besides third party contracting. IMHO they got very lucky with xAI and Google having spare capacity and willing to rent it. But what about next year?

Re: Anthropic raises $65B in Series H funding at $965B post-money valuation

#55

Post by thereitgoes456 »

alecco wrote: post #52
cmiles8 wrote: post #12

Probably the bigger headline here is that they’ve blown past OpenAI in revenue and valuation, with OpenAI looking increasingly shaky and vulnerable.

Anthropic is at the mercy of 3rd party datacenter contracts. AFAIK OpenAI will soon run mostly on on their own GPUs. I don't like Altman and I am still upset about his memory deal last year but he prepared for the current shortages months before anybody else. Meanwhile, Anthropic seems to lack any plans besides third party contracting. IMHO they got very lucky with xAI and Google having spare capacity and willing to…

Stargate is not real.

It is not clear that running one's own datacenter is a competitive advantage. Why do you think OpenAI can handle that?

Re: Anthropic raises $65B in Series H funding at $965B post-money valuation

#56

Post by lumost »

alecco wrote: post #52
cmiles8 wrote: post #12

Probably the bigger headline here is that they’ve blown past OpenAI in revenue and valuation, with OpenAI looking increasingly shaky and vulnerable.

Anthropic is at the mercy of 3rd party datacenter contracts. AFAIK OpenAI will soon run mostly on on their own GPUs. I don't like Altman and I am still upset about his memory deal last year but he prepared for the current shortages months before anybody else. Meanwhile, Anthropic seems to lack any plans besides third party contracting. IMHO they got very lucky with xAI and Google having spare capacity and willing to…

Which also leaves OpenAI vulnerable to NVidia's aggressive pricing. To my knowledge Anthropic is relatively well positioned across multiple compute vendors/hardware providers.

Re: Anthropic raises $65B in Series H funding at $965B post-money valuation

#57

Post by solenoid0937 »

charlie0 wrote: post #17
tomwheeler wrote: post #14

Earlier quoted context omitted.

Effectively infinite. Databricks is a good example. They're still private after 13 years and closed a Series L round last year. Stripe is similar. Having been through an IPO before, it was good for employee liquidity, but bad for the culture and long-term success of the company.

Dead capital. There's no need for public funding until they are reasy to cash out at the top, if ever.

How do investors cash out? Do they sell to new round investors?

Re: Anthropic raises $65B in Series H funding at $965B post-money valuation

#59

Post by wslh »

cmiles8 wrote: post #12

Probably the bigger headline here is that they’ve blown past OpenAI in revenue and valuation, with OpenAI looking increasingly shaky and vulnerable.

This business and financial race is probably the craziest in human history, so zig-zags are expected. One company may take advantage on one curve while another is stuck in the pits.

Re: Anthropic raises $65B in Series H funding at $965B post-money valuation

#60

Post by solenoid0937 »

fontain wrote: post #40
Analemma_ wrote: post #30

Earlier quoted context omitted.

Every week there's at least one post on the HN front page bitching about API errors from Claude because Anthropic doesn't have enough serving capacity. I really don't see any signs they're "spending too much", the actual evidence on the ground seems to be exactly the opposite: constant exasperation that they're not spending enough.

I mean Anthropic’s customers are spending too much on Claude. Anthropic’s customers are encouraging tokenmaxxing amongst their employees; measuring employees by token usage. That’s great for Anthropic’s short term revenue numbers but terrible long term because at some point companies will realize tokenmaxxing is not good. OpenAI is much less exposed to tokenmaxxing, which is a good thing.

> at some point companies will realize tokenmaxxing is not good

Why? Have we figured out the limits of what agents can do?

> OpenAI is much less exposed to tokenmaxxing

I don't think this is true, from my own experience & chatting with my acquaintances.

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