> "It has been less than three years since Anthropic earned its first dollar in revenue. Today, our run-rate revenue is $14 billion, with this figure growing over 10x annually in each of those past three years."
Wild although not entirely surprising. Congrats, Anthropic.
Pay attention to the outflow of tech investment in the stock market. That money is going to move into OpenAI and Anthropic IPOs. The valuations will be as big you are thinking because the market believes these companies will represent an entire basket of startups.
FWIW, BTC is currently still triple what it was at that time. Crypto as a whole of course isn't. So really this seems like a "time to stick to the big boys".
That's a really interesting tidbit. Thanks for sharing.
And thinking about it it makes sense since the decision to pay the outrageous rates for an ad during the Superbowl must be driven by strong emotions (confidence or desperation). In this case, considering there's no clear moat for any of the big players, I believe it's the latter.
Yes, because as a company who's main features were Farmville and posting pics of your food, it was ridiculously overvalued.
But we all underestimated just how ruthless Zuck would be in turning Facebook into a machine for disseminating propaganda and invading our privacy. It has become more akin to Palantir than MySpace because that's where the money is.
I really wonder is there even enough dump money from them to sell the stock they hold. Not to mention even raising any new capital... Is there really enough bag holders that will run after these stock with large enough piles of money?
Could you be more specific? Because NVDA has a consistent 20 year growth of something like 400x and +30%/yr, so I don't think the bitter lessons are there.
I would hold off congratulating them until they’re actually in the black. They are still burning billions a year lol the revenue is impressive but their expenses are still solidly north of it.
Wild although not entirely surprising. Congrats, Anthropic.