this post was submitted on 21 Oct 2026
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Fuck AI

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Anthropic, the AI startup behind Claude, recorded a staggering $80.7 billion net loss in the first six months of 2026, exposing the enormous financial costs behind one of Silicon Valley's fastest-growing companies just as it prepares for a blockbuster initial public offering. The loss, disclosed in a draft IPO prospectus reviewed by The Wall Street

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[–] Jhex@lemmy.world 47 points 5 hours ago (1 children)

... not counting the $1.5 trillion debt the "big" AI players are hiding in subsidiaries

And this company, which has lost more money than most companies in the history of the world, would like an IPO evaluation of $2 trillion

[–] Rhaedas@fedia.io 10 points 5 hours ago (1 children)

At the current rate that's only enough for two years or so.

[–] dudeface@lemmy.world 5 points 3 hours ago

IPO doesn’t really cover operational costs either unless you let the staff who just got rich buy stock back