▲ 260 ▼ AI startup Anthropic agrees to pay $1.5bn to settle book piracy lawsuit (www.theguardian.com) submitted 1 year ago by Davriellelouna@lemmy.world to c/technology@lemmy.world 39 comments fedilink hide all child comments
[+] Hackworth@sh.itjust.works 27 points 1 year ago (12 children) [deleted] permalink fedilink source parent hideshow 12 child comments replies: [–] Botzo@lemmy.world 47 points 1 year ago* (9 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. permalink fedilink source parent hideshow 9 child comments replies: [–] yes_this_time@lemmy.world 4 points 1 year ago (7 children) 500 million was specific to Claude Code, they are at 5 billion annual run rate and growing permalink fedilink source parent hideshow 7 child comments replies: [–] Botzo@lemmy.world 2 points 1 year ago (6 children) I see. That definitely makes 13B way more sane. permalink fedilink source parent hideshow 6 child comments replies: [–] baggachipz@sh.itjust.works 3 points 1 year ago (5 children) They’ve raised $32 billion total. Does it still sound sane? permalink fedilink source parent hideshow 5 child comments replies: [–] Botzo@lemmy.world 2 points 1 year ago (4 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. permalink fedilink source parent hideshow 4 child comments replies: [–] baggachipz@sh.itjust.works 3 points 1 year ago (3 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. permalink fedilink source parent hideshow 3 child comments replies: [–] silasmariner@programming.dev 1 point 1 year ago What we lose on sales we make up for in volume permalink fedilink source parent [–] Botzo@lemmy.world 1 point 1 year ago (1 child) Just remember that actual profit isn't important to investors. They're only here make money on the growth of the investment. Goddamn parasites. permalink fedilink source parent hideshow 1 child comment replies: [–] baggachipz@sh.itjust.works 3 points 1 year 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. permalink fedilink source parent load more comments (1 reply) [–] reddig33@lemmy.world 11 points 1 year ago Yikes. permalink fedilink source parent [–] prole@lemmy.blahaj.zone 2 points 1 year ago Series F Does this imply that it's the sixth round? Goddamn. permalink fedilink source parent
[–] Botzo@lemmy.world 47 points 1 year ago* (9 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. permalink fedilink source parent hideshow 9 child comments replies: [–] yes_this_time@lemmy.world 4 points 1 year ago (7 children) 500 million was specific to Claude Code, they are at 5 billion annual run rate and growing permalink fedilink source parent hideshow 7 child comments replies: [–] Botzo@lemmy.world 2 points 1 year ago (6 children) I see. That definitely makes 13B way more sane. permalink fedilink source parent hideshow 6 child comments replies: [–] baggachipz@sh.itjust.works 3 points 1 year ago (5 children) They’ve raised $32 billion total. Does it still sound sane? permalink fedilink source parent hideshow 5 child comments replies: [–] Botzo@lemmy.world 2 points 1 year ago (4 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. permalink fedilink source parent hideshow 4 child comments replies: [–] baggachipz@sh.itjust.works 3 points 1 year ago (3 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. permalink fedilink source parent hideshow 3 child comments replies: [–] silasmariner@programming.dev 1 point 1 year ago What we lose on sales we make up for in volume permalink fedilink source parent [–] Botzo@lemmy.world 1 point 1 year ago (1 child) Just remember that actual profit isn't important to investors. They're only here make money on the growth of the investment. Goddamn parasites. permalink fedilink source parent hideshow 1 child comment replies: [–] baggachipz@sh.itjust.works 3 points 1 year 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. permalink fedilink source parent load more comments (1 reply)
[–] yes_this_time@lemmy.world 4 points 1 year ago (7 children) 500 million was specific to Claude Code, they are at 5 billion annual run rate and growing permalink fedilink source parent hideshow 7 child comments replies: [–] Botzo@lemmy.world 2 points 1 year ago (6 children) I see. That definitely makes 13B way more sane. permalink fedilink source parent hideshow 6 child comments replies: [–] baggachipz@sh.itjust.works 3 points 1 year ago (5 children) They’ve raised $32 billion total. Does it still sound sane? permalink fedilink source parent hideshow 5 child comments replies: [–] Botzo@lemmy.world 2 points 1 year ago (4 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. permalink fedilink source parent hideshow 4 child comments replies: [–] baggachipz@sh.itjust.works 3 points 1 year ago (3 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. permalink fedilink source parent hideshow 3 child comments replies: [–] silasmariner@programming.dev 1 point 1 year ago What we lose on sales we make up for in volume permalink fedilink source parent [–] Botzo@lemmy.world 1 point 1 year ago (1 child) Just remember that actual profit isn't important to investors. They're only here make money on the growth of the investment. Goddamn parasites. permalink fedilink source parent hideshow 1 child comment replies: [–] baggachipz@sh.itjust.works 3 points 1 year 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. permalink fedilink source parent
[–] Botzo@lemmy.world 2 points 1 year ago (6 children) I see. That definitely makes 13B way more sane. permalink fedilink source parent hideshow 6 child comments replies: [–] baggachipz@sh.itjust.works 3 points 1 year ago (5 children) They’ve raised $32 billion total. Does it still sound sane? permalink fedilink source parent hideshow 5 child comments replies: [–] Botzo@lemmy.world 2 points 1 year ago (4 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. permalink fedilink source parent hideshow 4 child comments replies: [–] baggachipz@sh.itjust.works 3 points 1 year ago (3 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. permalink fedilink source parent hideshow 3 child comments replies: [–] silasmariner@programming.dev 1 point 1 year ago What we lose on sales we make up for in volume permalink fedilink source parent [–] Botzo@lemmy.world 1 point 1 year ago (1 child) Just remember that actual profit isn't important to investors. They're only here make money on the growth of the investment. Goddamn parasites. permalink fedilink source parent hideshow 1 child comment replies: [–] baggachipz@sh.itjust.works 3 points 1 year 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. permalink fedilink source parent
[–] baggachipz@sh.itjust.works 3 points 1 year ago (5 children) They’ve raised $32 billion total. Does it still sound sane? permalink fedilink source parent hideshow 5 child comments replies: [–] Botzo@lemmy.world 2 points 1 year ago (4 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. permalink fedilink source parent hideshow 4 child comments replies: [–] baggachipz@sh.itjust.works 3 points 1 year ago (3 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. permalink fedilink source parent hideshow 3 child comments replies: [–] silasmariner@programming.dev 1 point 1 year ago What we lose on sales we make up for in volume permalink fedilink source parent [–] Botzo@lemmy.world 1 point 1 year ago (1 child) Just remember that actual profit isn't important to investors. They're only here make money on the growth of the investment. Goddamn parasites. permalink fedilink source parent hideshow 1 child comment replies: [–] baggachipz@sh.itjust.works 3 points 1 year 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. permalink fedilink source parent
[–] Botzo@lemmy.world 2 points 1 year ago (4 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. permalink fedilink source parent hideshow 4 child comments replies: [–] baggachipz@sh.itjust.works 3 points 1 year ago (3 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. permalink fedilink source parent hideshow 3 child comments replies: [–] silasmariner@programming.dev 1 point 1 year ago What we lose on sales we make up for in volume permalink fedilink source parent [–] Botzo@lemmy.world 1 point 1 year ago (1 child) Just remember that actual profit isn't important to investors. They're only here make money on the growth of the investment. Goddamn parasites. permalink fedilink source parent hideshow 1 child comment replies: [–] baggachipz@sh.itjust.works 3 points 1 year 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. permalink fedilink source parent
[–] baggachipz@sh.itjust.works 3 points 1 year ago (3 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. permalink fedilink source parent hideshow 3 child comments replies: [–] silasmariner@programming.dev 1 point 1 year ago What we lose on sales we make up for in volume permalink fedilink source parent [–] Botzo@lemmy.world 1 point 1 year ago (1 child) Just remember that actual profit isn't important to investors. They're only here make money on the growth of the investment. Goddamn parasites. permalink fedilink source parent hideshow 1 child comment replies: [–] baggachipz@sh.itjust.works 3 points 1 year 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. permalink fedilink source parent
[–] silasmariner@programming.dev 1 point 1 year ago What we lose on sales we make up for in volume permalink fedilink source parent
[–] Botzo@lemmy.world 1 point 1 year ago (1 child) Just remember that actual profit isn't important to investors. They're only here make money on the growth of the investment. Goddamn parasites. permalink fedilink source parent hideshow 1 child comment replies: [–] baggachipz@sh.itjust.works 3 points 1 year 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. permalink fedilink source parent
[–] baggachipz@sh.itjust.works 3 points 1 year 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. permalink fedilink source parent
[–] prole@lemmy.blahaj.zone 2 points 1 year ago Series F Does this imply that it's the sixth round? Goddamn. permalink fedilink source parent