148
Anthropic posts staggering $80.7 billion net loss in first half of 2026 as IPO approaches
(techstartups.com)
"We did it, Patrick! We made a technological breakthrough!"
A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.
AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
... 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
At the current rate that's only enough for two years or so.
IPO doesn’t really cover operational costs either unless you let the staff who just got rich buy stock back