top 38 comments

sorted by: hot top controversial new old
[–] 82 points 1 year ago (5 children)

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

  • source
  • hideshow 5 child comments
  • [–] 58 points 1 year ago (20 children)

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

  • source
  • hideshow 20 child comments
  • [+] 27 points 1 year ago (12 children)
  • [–] 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.

  • source
  • parent
  • hideshow 9 child comments
  • [–] 4 points 1 year ago (7 children)

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

  • source
  • parent
  • hideshow 7 child comments
  • [–] 2 points 1 year ago (6 children)

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

  • source
  • parent
  • hideshow 6 child comments
  • [–] 3 points 1 year ago (5 children)

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

  • source
  • parent
  • hideshow 5 child comments
  • [–] 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.

  • source
  • parent
  • hideshow 4 child comments
  • [–] 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.

  • source
  • parent
  • hideshow 3 child comments
  • [–] 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.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 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.

  • source
  • parent
  • load more comments (1 reply)
  • [–] 6 points 1 year ago (3 children)

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

  • source
  • parent
  • hideshow 3 child comments
  • [+] 4 points 1 year ago (2 children)
  • [–] 8 points 1 year ago (1 child)

    If I could pirate a bunch of content then pay back only 10% of the value while pocketing the rest I’d be thrilled

  • source
  • parent
  • hideshow 1 child comment
  • [–] 2 points 1 year ago

    This is just the cost of doing business for Anthropic.

    No particular material harm to the business. Declare the matter settled, everything is fine and dandy, and now they have carte blanche to rape and pillage the next village dataset.

  • source
  • parent
  • load more comments (-1 replies)
  • [–] 34 points 1 year ago (1 child)

    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?

  • source
  • hideshow 1 child comment
  • [–] 30 points 1 year ago

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

  • source
  • [–] 19 points 1 year ago (4 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?

  • source
  • hideshow 4 child comments
  • [–] 21 points 1 year ago (2 children)

    Meta has more money and is apparently immune from consequences?

  • source
  • parent
  • hideshow 2 child comments
  • [–] 9 points 1 year ago (1 child)

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

  • source
  • parent
  • hideshow 1 child comment
  • [–] 3 points 1 year 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.

  • source
  • parent
  • load more comments (1 reply)
    [–] 4 points 1 year ago

    Now that is how you build a Mote

  • source
  • [–] 3 points 1 year ago

    Everyone cheering for this will see no benefit from it.

    Rubes.

  • source
  • [–] 1 point 1 year ago (1 child)

    Next time don't download the pirate library.

  • source
  • hideshow 1 child comment