So... how long does it take before a company stops being called a startup?
post
Where are they getting $1.5 billion from? Is this business actually profitable?
$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.
500 million was specific to Claude Code, they are at 5 billion annual run rate and growing
I see. That definitely makes 13B way more sane.
They’ve raised $32 billion total. Does it still sound sane?
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.
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.
Just remember that actual profit isn't important to investors. They're only here make money on the growth of the investment.
Goddamn parasites.
They just did a fundraising round and raised like $13b
If I could pirate a bunch of content then pay back only 10% of the value while pocketing the rest I’d be thrilled
Monopoly money using image generation ML tech for the design. Special partnership with HP for printing these notes.
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?
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?
Meta has more money and is apparently immune from consequences?
No if you pay the president enough he will let you commit crimes against humanity.
Next time don't download the pirate library.
top 38 comments