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

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

#71

Post by qeternity »

topherPedersen wrote: post #62

Anthropic has a great product, but what's going on in the stock market is astonishing. Companies waiting to be valued at a trillion dollars before going public? (I'm writing this comment with the assumption that they will go public soon and the valuation will be higher than this $965 billion dollar private valuation) The stock market used to be a place for companies to raise money from investors. But that isn't what…

> Venture capitalists & private investors are sucking all of the possible growth and future upside from these companies and then dumping them on retail investors when there's nothing left.

A lot of the money that is deployed by VCs comes from pension funds and asset managers that ultimately manage money for the average Joe.

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

#72

Post by dopa42365 »

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…

The same 3rd party datacenters from the same few companies that everything else runs on? If there's demand, hyperscalers will supply.

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

#74

Post by fontain »

solenoid0937 wrote: post #60
fontain wrote: post #40

Earlier quoted context omitted.

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.

Tokenmaxxing is the practice of measuring employees by how many tokens they use, encouraging employees to burn tokens needlessly, it is unrelated to what agents can do.

If a task can be completed with 100k tokens but employees are considered better performers if they complete it with 500k tokens instead… that’s unsustainable and cannot possibly benefit Anthropic in the long term.

At some point, Amazon and Uber and so on and so forth are going to realize that actually, employees using 100k tokens or even 50k tokens is better than 500k and Anthropic’s revenue will fall off a cliff.

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

#75

Post by baal80spam »

cmiles8 wrote: post #66
Aurornis wrote: post #63

Earlier quoted context omitted.

Their valuations differ by about 13%. That's close enough that I wouldn't call it "blown past". Things change fast in this space. Anthropic had a big boost from having the premier coding model for a while, but GPT-5.5 has closed that gap at a time when a lot of Anthropic customers are looking for cheaper alternatives. Anthropic is coming off of a recent change to their enterprise billing that substantially changed th…

The acceleration rate has been extraordinary… they went from mostly unknown outside AI circles to the number one player almost overnight. If that’s not “blown past” I don’t know what is.

Do ordinary people really know what Anthropic is?

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

#76

Post by bix6 »

solenoid0937 wrote: post #57
charlie0 wrote: post #17

Earlier quoted context omitted.

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?

Correct. There is also a secondary market.

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

#78

Post by bix6 »

8f2ab37a-ed6c wrote: post #53

Say you join Anthropic now as an employee. What are the chances of your equity appreciating in value? I don't think we have any historical precedents to this.

Well presumably nobody investing in this current round expects anything less than a 3x

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

#79

Post by __s »

baal80spam wrote: post #75
cmiles8 wrote: post #66

Earlier quoted context omitted.

The acceleration rate has been extraordinary… they went from mostly unknown outside AI circles to the number one player almost overnight. If that’s not “blown past” I don’t know what is.

Do ordinary people really know what Anthropic is?

They know that "claude's the good one"

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

#80

Post by cmiles8 »

baal80spam wrote: post #75
cmiles8 wrote: post #66

Earlier quoted context omitted.

The acceleration rate has been extraordinary… they went from mostly unknown outside AI circles to the number one player almost overnight. If that’s not “blown past” I don’t know what is.

Do ordinary people really know what Anthropic is?

They know the cool kids have ditched OpenAI and now use Claude
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