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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

#421

Post by port11 »

Haven880 wrote: post #415

Deepseek MiMo and Qwen are now dirt cheap and give out free as well with quality about 95% against the very best so called fable mythos. And all that is on Huawei 7nm Ascend. All those companies added up nowhere near 1T and they affect EVERY SINGLE American lives producing parts that Americans used either via patents or parts. And we throw money to Anthropic with almost no moats at best 6 mths ahead. While Chinese co…

What’s your point with the comparison? By your interpretation, investors should’ve never put money into any startup/scaleup/large business in other markets, since the Chinese market had more/bigger competitors.

Investors are betting real money on a payout. It seems disingenuous to think that they’re all idiots.

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

#422

Post by mxschumacher »

Haven880 wrote: post #415

Deepseek MiMo and Qwen are now dirt cheap and give out free as well with quality about 95% against the very best so called fable mythos. And all that is on Huawei 7nm Ascend. All those companies added up nowhere near 1T and they affect EVERY SINGLE American lives producing parts that Americans used either via patents or parts. And we throw money to Anthropic with almost no moats at best 6 mths ahead. While Chinese co…

here's an article on DeepSeek's strategy that I found instructive. Cheap & good inference in order to boost the hardware makers: https://x.com/bookwormengr/status/2057909493250539891

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

#423

Post by HDThoreaun »

famouswaffles wrote: post #274
HDThoreaun wrote: post #273

Earlier quoted context omitted.

The consumer market is worthless though. Consumers will never pay, so the only revenue option is ads which barely, if even at all, pay for inference costs.

Ads implemented remotely competently would be worth a lot of money and more than pay for inference. Inference is cheap, especially outside token expensive ordeals like agentic coding.

Maybe. To really make money on ads they would need to embed them directly into the chat I think. Banner ads arent worth enough I think and google is able to make so much off them largely because people are already looking to click a link when they search something. People would just ignore them with genAI.

Maybe Im projecting my distaste for being psychologically manipulated, but I dont think users would continue using a genAI that embeds ads directly into the response when they can just switch to gemini where they only see banners.

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

#424

Post by parliament32 »

anomaly_ wrote: post #254
parliament32 wrote: post #213

Earlier quoted context omitted.

Is it qualified at all? Or can you measure anything and multiply it through to get whatever number you want at the end? Along the lines of "in the 4.75 hours starting at 02:35 yesterday we collected invoices worth $X so our run-rate revenue is now $Y"?

Are you trying to be deliberately obtuse? Obviously, you can fudge the number with assumptions around churn rates/etc, but of course an investor would want a view of the rough 12m state of the business.

...which is why we have GAAP-recognized metrics, right? To prevent fudge-ability? And those metrics.. they're deliberately not publishing? Makes you think.

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

#425

Post by mgfist »

Zafira wrote: post #238
mgfist wrote: post #193

Earlier quoted context omitted.

Pretty unfathomable growth. I'm pretty sure I listened to Dario saying something along the lines of keeping Anthropic on track for 10x ARR growth (in December) and thinking that that was a bonkers idea for a $9B run-rate company, and now it's looking like that might be an underestimate ...

Personally, I’m just exhausted. They are not obligated to be truthful here, so the entire thing is interpreted based on vibes. If you are an AI booster, this is proof that the demand is there; if you aren’t, you’re baffled at where these numbers are coming from.

I started a new job recently after 9 months off. Last Sept I was coding almost entirely by hand, using AI for q/a, debugging and such.

In my new job I haven't written a single line by hand. I now almost entirely work in claude code / codex and in github PRs. Occasionally I open vscode to read code, but very rarely. My company probably spends ~$100 a day for my token use. I'm not even going crazy with parallelization or subagents and such.

I 100% believe the demand growth based on my personal experience.

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

#426

Post by aprilthird2021 »

ethbr1 wrote: post #399
aprilthird2021 wrote: post #375

Earlier quoted context omitted.

There's absolutely someone in every big company except the biggest tech companies in the world looking at spend these days because of exactly what you said. The models are good now which means people use them a lot more which means money is flying out the door more than ever before (and the impact on the businesses hasn't shown up yet as you might notice in the earnings of any business that isn't a frontier AI compan…

The root problem: At every company, there is always more work that could be done, but there is not always more work that would increase profits . Existing corporate command and control has optimized for people control, because people cost money and performed work. Control their assignments, and you control costs and what's worked on. Widespread unmetered AI turns this on its head, because suddenly each employee is di…

I mean, the layoffs we are going through right now are patently due to the high cost of AI buildouts and transitions. Meta is taking on significant debt for the first time in a long time to continue their build out plans as AI components have spiked in price.

I get what you're saying about how every employee becomes a liability when they are let loose with an AI, and totally agree. But I think the layoffs have a much more financial root because they are so widespread across so many companies and even industries (not just tech)

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

#427

Post by vmbm »

Incipient wrote: post #316
vmbm wrote: post #296

Earlier quoted context omitted.

Yeah, I think it is pretty obvious at this point that users have gotten over their skis a bit on the fixed rate plans. I suspect a lot of folks were playing around with agentic workflows on a $10-200/month plan and then started implementing them at their companies under enterprise accounts not realizing that API based billing would result in easily 10-100x the costs. Running hundreds of agents 24/7 is all fun and gam…

I'm really annoyed at github for only allowing export of a single month of usage. There were a lot of people (here included) that were absolutely abusing github - getting Opus to generate its own subagents for days on end with a single premium request. If THAT'S $3k/mo, I'm honestly not worried. I was just asking sonnet, 5.4, opus, in single agent session to fix a problem for 20 minutes...if THAT'S $3k/mo, then AI is…

Yeah, I don't doubt that there was some abuse going on. But keep in mind there are plenty of reports out there that companies were setting up tokenmaxing leaderboards essentially encouraging this type of behavior from their employees. So I think the broader point here is that the insane growth that Anthropic has experienced over the last six months might be a temporary blip due to companies scrambling to take advantage of these more powerful agentic capabilities while not fully understanding the resulting costs.

I think for your use case, the most likely outcome is that you are going to need to be on a $100-200 month plan if you want access to the cutting edge models. But on the other end of the spectrum, you could probably get closer to $10-20 month using Chinese models. My usage was closer to yours, with the occasional tokenmaxxing sprint just to experiment a bit and test out the limits of the plan. I am not quite sure what I will be doing next month once it moves to API billing but I suspect I will move to openrouter and one of the open source CLI harnesses.

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

#428

Post by fittingopposite »

lumost wrote: post #332
ml_basics wrote: post #176

Earlier quoted context omitted.

maybe we will look back and also think that the current slate of IPOs were reasonable valuations?

The critical view is that these IPOs are bumping up against physics. How many trillion dollar companies can the economy support? The US GDP is roughly 32 Trillion. A company with 100 billion dollars in revenue and 10x annual growth would be expected to increase the size of the economy by 3.2% in its first year, and about 30% in it's second year post IPO existing. While we could claim that such a company can grow by c…

Wait for more inflation. See https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_R...

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

#429

Post by Traubenfuchs »

mgfist wrote: post #425
Zafira wrote: post #238

Earlier quoted context omitted.

Personally, I’m just exhausted. They are not obligated to be truthful here, so the entire thing is interpreted based on vibes. If you are an AI booster, this is proof that the demand is there; if you aren’t, you’re baffled at where these numbers are coming from.

I started a new job recently after 9 months off. Last Sept I was coding almost entirely by hand, using AI for q/a, debugging and such. In my new job I haven't written a single line by hand. I now almost entirely work in claude code / codex and in github PRs. Occasionally I open vscode to read code, but very rarely. My company probably spends ~$100 a day for my token use. I'm not even going crazy with parallelization…

Talking to dev friends, dev colleagues and qa colleagues in a space where everyone is doing high volume CRUD and cloud slop with many microservices and constantly evolving business requirements: Every single one is primarily coding with claude, a few with cursor. Handwriting code is dead.

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

#430

Post by BoneShard »

refurb wrote: post #400
BoneShard wrote: post #315

Earlier quoted context omitted.

easy: 1. Shit goes into S&P 500 (pump phase) 2. Shit goes to 0. Your 401(k) invested into S&P 500 takes a dive (dump phase) 3. Retail holding bags (full of shit) phase. Case study: Tesla, with a P/E ratio in the hundreds along with declining sales and TAM, is a part of the S&P 500 and, consequently, of many people's 401(k)s.

Tesla is 1.75% of Vanguard SP500 index. It could go to zero and most investors wouldn’t notice.

Isn't it a nice bussiness, pulling 2% from sp500, I wish I could join.
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