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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

#121

Post by icedchai »

claytongulick wrote: post #85
newaccountman2 wrote: post #37

Earlier quoted context omitted.

What he means is the customers realizing they are spending too much on Anthropic.

I just finished talking to a dev manager friend of mine at a household name company. He told me they are massively pulling back on the AI stuff. Right now the lashback is about cost, because that's the most easily measured pain point. Soon, we'll start seeing a deeper understanding of the quality issues. At that point, it's likely this whole experiment gets firmly put in a bin of the toolbox where it belongs.

I know people at medium size companies where they are tracking AI costs very carefully. They are pulling back to levels under $100/week in AI spend per engineer, encouraging use of lower quality, lower cost models, etc.

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

#122

Post by Marciplan »

jmathai wrote: post #86
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.

The branding of Claude is so much stronger than ChatGPT. Even Anthropic is such better branding than OpenAI (especially considering they're not open at all). My wife knows about Claude because that's what I use and we pay for. She uses it also as a result. And inevitably she will talk about Claude to her friends.

for normies it is the exact opposite.

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

#123

Post by solenoid0937 »

claytongulick wrote: post #83
solenoid0937 wrote: post #46

Earlier quoted context omitted.

Disagree, both are coexisting fine today.

A series "H" for $65 billion and no path to profitability is existing fine?

Sure, if you think there is even a small chance that OpenAI and Anthropic will get to AGI, it's practically a bargain.

They don't seem too far off to me.

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

#125

Post by Npovview »

toasty228 wrote: post #107
GenerWork wrote: post #4

As someone who knows admittedly knows nothing about startup funding rounds, how many more rounds of funding can they do before an IPO? Is it effectively infinite?

Once they reach series Z does it go back to A or do we get a new format like AA, AB ?

We live in Unicode times. We switch to Greek alphabets.

α β γ δ ε ζ η θ ι κ λ μ ν ξ ο π ρ σ τ υ φ χ ψ ω

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

#126

Post by linuxftw »

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?

Of course not. Normal people are using gemini, it comes pre-installed on Android now.

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

#127

Post by decimalenough »

andriy_koval wrote: post #61
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.

Google likely has its market share too, you can track how fast Cloud revenue increased.

It's a gold rush and Google is both selling shovels and digging for gold itself.

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

#128

Post by fontain »

solenoid0937 wrote: post #106
fontain wrote: post #74

Earlier quoted context omitted.

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…

Oh. I thought tokenmaxxing was just removing token limits

I think removing limits is fine. There’ll be overspend and at some point adjustments in expectations as we learn more about the value that can be delivered which will likely result in a reduction in spend, but even now, during this period of relative immaturity about measuring the value of output, so long as more tokens = more output, I don’t think the introduction of limits represents much of a risk to Anthropic and OpenAI. Tokenmaxxing is uniquely bad because it is not tied to any additional value (more tokens for the same output).

And I could be wrong about tokenmaxxing being a Claude specific problem but as far as I can tell, all of the major companies encouraging employees to maximize their token usage are Claude Code users. And the music has to stop on that at some point, whether because the companies run out of money or because they learn better ways of measuring productivity in the AI age. And if tokenmaxxing is what is driving Anthropic’s lead in revenue, it could be catastrophic to lose that, because Anthropic are spending billions of dollars per month on the infrastructure to support it.

If tokenmaxxing is evenly distributed between Anthropic and OpenAI then they’ll both hurt but equal hurt shouldn’t disadvantage either much.

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

#129

Post by Spartan-S63 »

manquer wrote: post #102
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…

> but GPT-5.5 has closed that gap at a time when a lot of Anthropic customers are looking for cheaper alternatives. GPT-5.5 is a bit more expensive than Opus ? Current list prices | Model | Input | Output | | GPT-5.5 | $5/MTok | $30/MTok | | Opus 4.8/7 | $5/MTok | $25/MTok | Deepseek perhaps would be the top threat on a pure price/performance metric for either of them. It doesn't look like OAI is going for the value…

Most variants of GPT-5.5 are less chatty and token-intensive than Opus 4.8/4.7, so despite the output token price being higher, it generates fewer tokens, so the net cost is lower.

Per-token pricing is totally sensible from the provider-perspective on mapping COGS to revenue, but for a consumer, different models will produce more or less tokens, meaning the cost calculation is multi-dimensional.

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

#130

Post by Npovview »

onlyrealcuzzo wrote: post #99
NewJazz wrote: post #87

Earlier quoted context omitted.

Google IPO 20 years ago, Tesla 15 years ago, facebook almost 15 years ago. Situations change.

When did they change? 3 years and 4 months ago? 1 year ago? 8 years? Because when Facebook IPO'd everyone was saying the stock market was a dumping ground... Same with Google... Same with Pets.com and WebVan...

Few Pheonix(s) rise from the ashes of many Unicorns.
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