this post was submitted on 05 Sep 2025
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[–] reksas@sopuli.xyz 29 points 1 day ago

ah yes, a "startup" that has at least 1.5 billion

[–] moody@lemmings.world 82 points 2 days ago (4 children)

So... how long does it take before a company stops being called a startup?

[–] HertzDentalBar@lemmy.blahaj.zone 3 points 1 day ago (1 children)

Once it starts actually generating profits id assume. Or in most cases once it gets bought out.

[–] balder1991@lemmy.world 2 points 21 hours ago

Yeah, the definition is (or at least used to be) that a startup doesn’t have a business model yet.

[–] scintilla@crust.piefed.social 42 points 2 days ago

Probably once they can stand on their own merits and make a profit. So never in the case of AI companies.

[–] LadyMeow@lemmy.blahaj.zone 17 points 2 days ago

Lmao, right. 1.5 Billy just laying around? Probably not much of a startup anymore…

[–] dwemthy@lemmy.world 4 points 2 days ago

When they're weaned from the teat of round after round of investment

[–] reddig33@lemmy.world 61 points 2 days ago (4 children)

Where are they getting $1.5 billion from? Is this business actually profitable?

[–] Hackworth@sh.itjust.works 28 points 2 days ago (3 children)
[–] prole@lemmy.blahaj.zone 3 points 1 day ago

Series F

Does this imply that it's the sixth round?

Goddamn.

[–] Botzo@lemmy.world 47 points 2 days ago* (last edited 2 days ago) (2 children)

$500 million in run-rate revenue

Absolutely astounding that they can raise $13B on a sixth round of funding on that.

For the less finance jargon savvy, "run-rate revenue" just means projected annual revenue.

All this means they spent 3 years of revenue to make this go away.

Absolutely not a profitable business lol.

[–] yes_this_time@lemmy.world 4 points 1 day ago (1 children)

500 million was specific to Claude Code, they are at 5 billion annual run rate and growing

[–] Botzo@lemmy.world 2 points 1 day ago (1 children)

I see. That definitely makes 13B way more sane.

[–] baggachipz@sh.itjust.works 3 points 1 day ago (1 children)

They’ve raised $32 billion total. Does it still sound sane?

[–] Botzo@lemmy.world 2 points 1 day ago (1 children)

5B run rate explains the wild 183B valuation better. The calculus is usually a solid return after 3 years and double or better by 5, so they're being on something like a 500B valuation by 2030.

And they very likely won't be profitable in the real sense even then.

[–] baggachipz@sh.itjust.works 3 points 1 day ago (2 children)

The $5B run rate, as I understand it, is smoke and mirrors. Each dollar they make costs them much more than that dollar. Sell it at a loss, but make it up on volume!

Something something efficiency

The models are only getting more expensive to train and run as they increase in complexity.

[–] silasmariner@programming.dev 1 points 1 day ago

What we lose on sales we make up for in volume

[–] Botzo@lemmy.world 1 points 1 day ago (1 children)

Just remember that actual profit isn't important to investors. They're only here make money on the growth of the investment.

Goddamn parasites.

[–] baggachipz@sh.itjust.works 3 points 1 day ago

At the end of the day, somebody will be stuck holding the bag. They’ll probably have to IPO, so that retail investors can burn their life’s savings. That or they’ll get bailed out, in which all taxpayers get to absorb this insane pyramid scheme.

[–] Hackworth@sh.itjust.works 6 points 2 days ago

Anthropic's news page is educational in every sense of the word.

[–] reddig33@lemmy.world 11 points 2 days ago
[–] Alphane_Moon@lemmy.world 11 points 2 days ago

Monopoly money using image generation ML tech for the design. Special partnership with HP for printing these notes.

[–] dinckelman@lemmy.world 8 points 2 days ago (1 children)

Wouldn't doubt it for a second. They create a product they can easily gaslight all the corporate chumps into buying, and by the time they realize there's 0 roi on it, it's already too late

[–] pdxfed@lemmy.world 2 points 1 day ago

At least I can enjoy stupid corporate leaders lapping up the dogfood they're told to eat, except for the pain workers and real people suffer as a result of this yheft, trash and grift.

[–] panda_abyss@lemmy.ca 5 points 2 days ago (2 children)

They just did a fundraising round and raised like $13b

[–] Bakkoda@sh.itjust.works 2 points 1 day ago

Haha what a funny way to say massive fraud and money laundering

[–] aramis87@fedia.io 33 points 2 days ago (1 children)

Is any of that money actually going to the authors, or is this just like a fine they hand over and they donate some money to a charity or something?

[–] yeahiknow3@lemmings.world 11 points 2 days ago

Don’t be silly.

[–] Lenggo@lemmy.world 20 points 2 days ago (2 children)

Glad to see they have to pay up but what was different about this compared to the similar case that Meta won the other day?

[–] Jack_Burton@lemmy.ca 1 points 1 day ago

It's not really a good thing though. $1.5bil will be a drop in the bucket for them. This is a settlement, which means it won't set any legal precedence.

[–] douglasg14b@lemmy.world 21 points 2 days ago (1 children)

Meta has more money and is apparently immune from consequences?

[–] DeathsEmbrace@lemmy.world 8 points 2 days ago (1 children)

No if you pay the president enough he will let you commit crimes against humanity.

[–] douglasg14b@lemmy.world 2 points 22 hours ago* (last edited 22 hours ago)

I mean that's essentially the same thing I said just with more words.

Meta has money. Which makes them immune to consequences.

In this case, by way of bribes.

You didn't counter my statement. You just added to it.

[–] humanoidchaos@lemmy.cif.su 3 points 2 days ago

Everyone cheering for this will see no benefit from it.

Rubes.

[–] interdimensionalmeme@lemmy.ml 4 points 2 days ago

Now that is how you build a Mote

[–] Blaster_M@lemmy.world 1 points 2 days ago (1 children)

Next time don't download the pirate library.

[–] Doomsider@lemmy.world 3 points 1 day ago

Next time don't get caught downloading the pirate library.

FTFY