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joegibbs | on: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?
Anthropic at $1t for an IPO vs Google at $23b in 2004 sounds insane but Google's revenue at the time was $2.7b while Anthropic's already at $47b, so a valuation at about 20x vs 10x revenue. Anthropic also has very high revenue growth (50x since 2024), it doesn't seems quite as insane as it could be.
testrun | parent | next
That is revenue. What is the net profit?
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SilverElfin | parent | next
What’s defensible about Anthropic’s revenue? It seems like OpenAI and others are equivalent. Open weight models are catching up. Google has ads networks, video platforms, and so much more.

I am skeptical that Anthropic and OpenAI can defend their dominance for long enough to make meaningful gaap accounted profits

Spooky23 | root | parent | next
Anthropic seems to have clawed its way to being the best AI and charging for itself. Microsoft had to slash the Anthropic budget… which it exceeded while being the exclusive host of OpenAI.

Google seems to have a good B2B and internal leveraging AI to make $. OpenAI/Microsoft seems to have squandered an early product lead.

And then you have the Muskiverse, where we have an rocket ship company that buys surplus cyber trucks, operates a space ISP, an AI company that produces virtual fetish porn and makes money renting GPUs to Anthropic, a rando dying social network and a tunnel company to cock-block public transit.

I may be underestimating the market for AI anime porn, but I think Anthropic is probably the best in class product right now. Google and AWS are probably the best positioned sellers of AI. SpaceXAI is the dark horse because they are likely enriching the dear leader more. OpenAI is fucked.

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