When will we see the first $1T valuation for a private company? What do you call a herd of 1000 unicorns together?
Already have...SpaceX
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
#412Earlier quoted context omitted.
well, it's basically existential, so the incentive is there to not only get it very right but also to limit the delta with how right anyone else gets it. The same can't really be said of the long tail of products Google have done. Look to GCP as an example. It had to be done, with similar competitive dynamics, it was done very well. Look to Android as another.
You must not know the stories of why GCP came to be. It was an idea from the creators of Kubernetes and the execs at Google fought it the whole way
No, this is bunk. App Engine and GCE, the earliest components of GCP predate Kubernetes.
[I've been there for nearly all the relevant time]
Re: Anthropic raises $30B in Series G funding at $380B post-money valuation
#413How 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.
All I know is that claude code is pretty dang good, grok's nice for searching info, and Google's Gemini hasn't really been in my workflow at all. Neither chatgpt, beyond when it first came out.
Maybe I'm odd, but a Google search is even rare (usually use duck duck go) so I don't know, Google may have problems on it's hands. Possible anyway.
Re: Anthropic raises $30B in Series G funding at $380B post-money valuation
#414Earlier quoted context omitted.
there used to be rules that companies must be public if they have other 1000 investors. is this no longer the case?
it's still the case, but there are never 1,000 investors, there's a couple dozen VC firms, SPVs, and individuals if you're smart. I don't think this is an SEC problem, they are fully aware that people subject to their jurisdiction can jump through many hoops to circumvent them. This shows consent on the investor's part well enough, and capital formation regulations do not burden the investor at all, they are only con…
tbh that 1000 investors limit sounds like it was trying to address a similar problem? i.e. if a company is big enough it is important to reel it in a bit or else shenanigans happen. And just like all rules, the people at the top can easily work around it.
Re: Anthropic raises $30B in Series G funding at $380B post-money valuation
#415Earlier quoted context omitted.
27 year PE ratio is a value stock at this point
At $14b revenue Anthropic is likely running a HUGE loss on their P&L.
If it weren’t they wouldn’t be borrowing another $30bil
The question is how are they going to extract $60bil from their customers to earn that money back?
Re: Anthropic raises $30B in Series G funding at $380B post-money valuation
#416> "It has been less than three years since Anthropic earned its first dollar in revenue. Today, our run-rate revenue is $14 billion, with this figure growing over 10x annually in each of those past three years." Wild although not entirely surprising. Congrats, Anthropic.
What are the benefits ? If you give me $1T to spend, I, too, can probably make $14B (this is a metaphor)
How do you make a small fortune in XXXX? First start with a large fortune.
Re: Anthropic raises $30B in Series G funding at $380B post-money valuation
#417Re: Anthropic raises $30B in Series G funding at $380B post-money valuation
#418Re: Anthropic raises $30B in Series G funding at $380B post-money valuation
#419Earlier quoted context omitted.
As someone who thought Google+ doomed facebook, because of Gmail accounts and everyone with Google as their homepage already, I learned not to overestimate Google’s abilities.
That is a great counter example I never considered
FB is what it is because of advertising revenue. Google already had a giant advertising business where jettisoning Google+ made no difference to their bottom line.
Re: Anthropic raises $30B in Series G funding at $380B post-money valuation
#420Earlier 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…
Sometimes I worry about the incentives for innovation in the US. Step 1, find something to innovate on, sell the promise of it to investors. Step 2, build a prototype or worst case, build it for real and start generating income from your truly innovate and unique product. Step 3, get acquired by a large company and then shut down because your product competed with theirs. End result, general public possibly benefited…
The real solution is to break up megacorps, tax them heavily, and also tax the wealth of ultra wealthy billionaires. This will let competition happen in a more sustainable way. Otherwise every startup ends up being acquired or copied by one of the megacorp or dies.