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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

#381

Post by InkCanon »

simonw wrote: post #265

Those growth stats for Claude Code are pretty wild: > Claude Code was made available to the general public in May 2025. Today, Claude Code’s run-rate revenue has grown to over $2.5 billion; this figure has more than doubled since the beginning of 2026. The number of weekly active Claude Code users has also doubled since January 1 [six weeks ago]. Doubling both annual run-rate revenue and weekly active users in the fi…

A disclaimer should be added about the heavy startup accounting used. Standard accounting revenue uses the past year revenue. Recurring revenue, used aggressively by startups, is projected future year revenue based on loosely defined contracts like subscriptions. Critically it is often extrapolated on a very short timeframe, like last month, because it gives a better growth figure. Run rate revenue is even more aggressive, it includes one time fees, contracts and other non recurring fees. They have not made that much, nor are they conservatively projected to make that much. It's a very vague measure.

It can mean many things, but clearly cannot be mean what revenue is going to be in the future. If Claude doubles revenue every six weeks, by the end of this year they would have a higher revenue than every FAANG company combined (about one trillion).

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

#382

Post by Aerroon »

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.

I think Google's downfall in a product can easily come from UX. Take livestreaming: YouTube is better on a technical level:

* Higher bitrate

* Ability to rewind

* Able to edit recordings (thumbnails, cutting out dead air etc)

* Much larger userbase

But you know what they fail at? The actual livestream watching UI with chat. There's wasted space, it doesn't darken the rest of it, getting chat on screen with as big of a video window as possible is annoying, the emotes pretty much all suck. And because of that watching on Twitch is a better experience.

Google sometimes fails at the small things. And those small things might be enough for a competitor to build a viable competing product.

You might think that they could easily solve all these problems. Maybe they could, but google.com still isn't equivalent in its mobile and desktop offering in 2026. Eg on desktop page I can select an arbitrary date range to filter results, on mobile I can only select from a preset drop-down at most until 1 year ago.

Could Google fix this? Sure, but I've been waiting for a fix for this for a decade. This isn't something that gave a competitor an edge, but Google being bigger doesn't necessarily mean they get good at the small things.

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

#383

Post by infecto »

sobkas wrote: post #124
infecto wrote: post #69

Earlier quoted context omitted.

I fail to see what that has to do with this?

Just because something is in do-or-die situation doesn't mean that they have some kind of magical advantage over fat cat. Being in that situation means there is very real possibility of doing "die" part and we have lots of examples of them doing so.

But what does a fraudulent company have to do with a company that’s generating a run rate of $14b?

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

#384

Post by url00 »

WheatMillington wrote: post #293
jrjeksjd8d wrote: post #119

Earlier quoted context omitted.

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…

I don't see why any AI company would ever be "too big to fail". I can't see why any government would be motivated to take the political hit of bailing them out.

Once the bureaucracy is automated, there will be no "reasonable" choice.

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

#385

Post by vessenes »

somewhereoutth wrote: post #380
vessenes wrote: post #311

Earlier quoted context omitted.

I'm not suggesting, I'm saying that this is what has happened so far, full stop, based on multiple public statements from people like Dario. Basically every model trained so far has made money for Anthropic and OpenAI. Well maybe not GPT4.5 - we liked you but we barely knew thee.. The cash spend is based on two beliefs a) this profitability will continue or improve, and b) scaling is real. Therefore, rational actors…

> based on multiple public statements from people like Dario > clear picture of the finances of these companies Since they are not publicly traded companies, presumably there is no legal duty for the officers to be clear or even honest about these numbers? But even assuming good faith, my understanding is that the scale of the current build out is so huge that revenues would need to exceed the size of many entire ind…

Any public statement by Dario could get him sued by his investors if it’s misleading. He probably would t have an SEC suit for a private company but that company has filed for exemptions with the SEC. Intentionally misleading statements can generally be counted out in the US unless the person deserves a skeptical eye.

The numbers are right there in the announcement - that investment will come with a pref, likely 1x. So, can Anthropic make 17b with their current revenue growth and inference margin? That’s the only question an investor needs to feel comfortable on to participate in this round.

Realistically - imagine all training from now fails for the world and everyone just shifts to inference - Anthropic would need only clear like 3 or 4b a year in net income to be worth more than this round’s pref in a sale. Meanwhile that 17b will have been sent to workers and data center providers who will book it as revenue and margin.

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

#386

Post by 2sdd »

Aerroon wrote: post #382
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.

I think Google's downfall in a product can easily come from UX. Take livestreaming: YouTube is better on a technical level: * Higher bitrate * Ability to rewind * Able to edit recordings (thumbnails, cutting out dead air etc) * Much larger userbase But you know what they fail at? The actual livestream watching UI with chat. There's wasted space, it doesn't darken the rest of it, getting chat on screen with as big of…

You can see their lack of design nouse in their marketing material.

Compare it with Apple.

There is no comparison, its actually laughable and embarrassing how bad they are at it given the resources the firm has its disposal.

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

#387

Post by 2sdd »

Insanity wrote: post #217
alwillis wrote: post #215

Earlier quoted context omitted.

> It’s an impossible war and all these investors are throwing their money into a bottomless insatiable pit of money. Anthropic went from zero to $14 billion in revenue in less than 3 years, growing at 10x per year. That's what they're investing in. Also Anthropic seems laser-focused, unlike some of their competitors who are throwing stuff against the wall to see what sticks.

Revenue, but what about profit? Google can be cash positive but I’m not sure Anthropic can be the same.

Also the switching cost. If its negligible theres no reason for Anthropic to be considered a going-concern in the long term. So its valuation makes no sense from a DCF basis unless you are expecting a liquidation in future. But even then, the liquidation value still doesn't justify its valuation today.

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

#388

Post by browningstreet »

thevillagechief wrote: post #255
browningstreet wrote: post #222

Earlier quoted context omitted.

Google Drive is easily the worst of the desktop cloud storage options. It’s okay for Google Docs but not other files if that’s what you’re talking about..

In a world where OneDrive exists?

I've used OneDrive across 3 companies with no problems.

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

#389

Post by browningstreet »

loloquwowndueo wrote: post #243
browningstreet wrote: post #222

Earlier quoted context omitted.

Google Drive is easily the worst of the desktop cloud storage options. It’s okay for Google Docs but not other files if that’s what you’re talking about..

Which one would you say is the best?

I'm back to Dropbox.
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