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Anthropic raises $30B in Series G funding at $380B post-money valuation

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Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#201

Post by moonlighter »

XorNot wrote: post #166
timmmmmmay wrote: post #58

Earlier quoted context omitted.

Google fucks up 90% of their products, why do you think Gemini is in the 10%?

Persistence. Google has a lot more endurance then OpenAI does in this game. The current AI market is going to destroy anyone who's specialized into it compared to having alternative revenue streams to subsidize it.

Does Alphabet/Google have any other significant alternative revenue streams though besides their ad revenue? And won't that decrease significantly the more people use AI tools for research than firing up a google web search? I find myself using Claude more and more doing web research and comparing products/reviews...without getting a single ad served up from Google.

Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#202

Post by Esophagus4 »

Ancalagon wrote: post #57
reenorap wrote: post #51

How is Anthropic, OpenAI and xAi going to compete against the likes of Google that can spend $200 billion a year? It’s an impossible war and all these investors are throwing their money into a bottomless insatiable pit of money. Until the funding stops for one reason or another and then everyone loses all their money at once like a star that collapses into a black hole singularity in a femtosecond.

how does any startup beat an incumbent?

I think GP is probably implying that this particular vertical requires obscene amounts of capital to keep up, which makes it really hard for a startup if you’re going up against businesses with giant free cash flow machines.

It’s the same reason Reid Hoffman sold his AI startup early… he realized he just couldn’t beat Google/FB/MSFT long term if it devolved into a money race.

Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#203

Post by sa-code »

Yizahi wrote: post #101

"Post-money" is the euphemism for the glorious end of capitalism, when we will be paying in corporate scrip, Arasaka-style? :)

"Post-money valuation is a way of expressing the value of a company after an investment has been made" [1]

[1] https://en.wikipedia.org/wiki/Post-money_valuation

Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#204

Post by marcyb5st »

techblueberry wrote: post #184
marcyb5st wrote: post #39

Earlier quoted context omitted.

It Is more likely that people are cashing out very liquid assets (tech stocks) to pay back their loans in Yen as interest rates are rising over there. Tech stocks with all the hype are second only to crypto in terms of how easy and fast are to sell (hence BTC dropped and now tech stocks IMHO). Btw, I was too young to fully remember, but wasn't the year before the dot com crash also full of IPOs?

Apparently the last two times the Super Bowl Ads were dominated by Tech companies was 2000 for dotCom and 2022 for Crypto.

That's a really interesting tidbit. Thanks for sharing.

And thinking about it it makes sense since the decision to pay the outrageous rates for an ad during the Superbowl must be driven by strong emotions (confidence or desperation). In this case, considering there's no clear moat for any of the big players, I believe it's the latter.

Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#205

Post by pazimzadeh »

reenorap wrote: post #51

How is Anthropic, OpenAI and xAi going to compete against the likes of Google that can spend $200 billion a year? It’s an impossible war and all these investors are throwing their money into a bottomless insatiable pit of money. Until the funding stops for one reason or another and then everyone loses all their money at once like a star that collapses into a black hole singularity in a femtosecond.

just want google to have good web apps again, it's so bad on desktop

Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#206

Post by Esophagus4 »

jrjeksjd8d wrote: post #119
rhrtah wrote: post #110

Goldman Sachs recently stoked fear about software stocks due to claimed AI competition. What if their strategy is this: slowly drive down software stocks, keep talking about AI, buy the downward market. Then cash in on the IPOs of OpenAI and Anthropic. Then let OpenAI and Anthropic implode. Goldman Sachs had no problems underwriting webvan at the end of 1999, which then imploded in 2000. Anyway, I just valued my dog…

Matt Levine has put this forward in his newsletter - if you're moderately influential you can go on TV and tell people that "X industry will be dead in 10 years" because of AI and then profit from the inevitable stock dip. Because we live in the worst possible timeline the end result for AI companies does seem to be "too big to fail", where these massive investments will get foisted on working class people via a bail…

His newsletter (and podcast) are fantastic.

Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#207

Post by pazimzadeh »

mrtksn wrote: post #96
reenorap wrote: post #51

How is Anthropic, OpenAI and xAi going to compete against the likes of Google that can spend $200 billion a year? It’s an impossible war and all these investors are throwing their money into a bottomless insatiable pit of money. Until the funding stops for one reason or another and then everyone loses all their money at once like a star that collapses into a black hole singularity in a femtosecond.

Theoretically Apple can spend just as much. What are the outcomes though? All those giants have their own business that are established and profitable. It’s the new kids in the block that will make the difference. You know those lists on twitter about how many companies US has in top 10 and are presented as a win? Those are actually lists of capital concentrations blocking innovation. It looks like US is winning but…

The new kids have an easier time focusing. the big kids can integrate AI with their existing products and user data

In the long term, big kids win no? The big kids are also going to have an easier time with hardware at scale too

Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#208

Post by lostmsu »

rvnx wrote: post #180
impulser_ wrote: post #173

Earlier quoted context omitted.

Because it's Google they can't build products and they only care about benchmarking. The product they released so far are all half assed experiments. Gemini 3 Pro is now being beaten by open source models because they can't fix or don't want to fix the problems with the Gemini models being completely useless. The same for Microsoft. Microsoft had GitHub Copilot, and Microsoft Copilot and both of them are useless to C…

Claude is clearly the most superior product right now. Gemini is absurdly expensive for low quality (3000 USD of tokens are not even worth what you get @ Anthropic for 200 USD).

The same can be said about Claude (no or tiny Opus on Pro) vs GPT-5.2 high (5.3-codex if you like terminal bench hacking).

Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#209

Post by shakow »

logicchains wrote: post #144
mrtksn wrote: post #96

Earlier quoted context omitted.

Theoretically Apple can spend just as much. What are the outcomes though? All those giants have their own business that are established and profitable. It’s the new kids in the block that will make the difference. You know those lists on twitter about how many companies US has in top 10 and are presented as a win? Those are actually lists of capital concentrations blocking innovation. It looks like US is winning but…

[flagged]

> more food

Yeah, so I don't want to be a Debbie Downer, but as a European who visited the US, your food is definitely not something I would use as an example of your QoL.

Re: Anthropic raises $30B in Series G funding at $380B post-money valuation

#210

Post by Esophagus4 »

HarHarVeryFunny wrote: post #97
modeless wrote: post #41

$14B revenue run rate is the interesting number here.

Yeah, up from $1B a year ago. Two years ago, I considered investing in Anthropic when they had a valuation of around $18B and messed up by chickening out (it was available on some of the private investor platforms). Up 20x since then ... It was always obvious that Anthropic's focus on business/API usage had potential to scale faster than OpenAI's focus on ChatGPT, but the real kicker has been Claude Code (released a…

Eh, I think you made the best decision you could given the info you had.

I’ve poked around on EquityZen and was shocked at how little information is available to investors. In some cases I did not even see pitch decks, let alone one of the first companies I looked at had its top Google result: CEO recently arrested for fraud and business is almost worthless now.

Unless you are willing to take a blind punt or have insider information, those platforms are opaque minefields and I don’t fault you for not investing.

Matt Levine has a fun investment test: when presented with an opportunity, you should always ask, “and why are you offering it to me?”

Meaning, by the time it gets offered to retail investors (even accredited ones are retail) we’re getting the scraps that no one else wants.

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