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Absolutely astonishing story from Reuters, saying that Anthropic’s valuation is based on theoretical revenues of $180-200bn in 2028, and that its “current EBITDA does not fully capture the economics investors expect the company to achieve at scale.” Misleading! www.reuters.com/business/ant...

Also: man Anthropic’s financials must look and smell like the inside of a Tauntaun if they’re pushing this hard to get reporters to tell readers to ignore their lying eyes

I'm a big believer in not shaming the institution like this, Ed. We're long past when individual reporters can and should be called out on this bullshit. And their editors, if possible. And in this case, it's too delicious to resist: the reporter's name is "Echo Wang." You can't make this shit up.

take a dip into the reporting on the bears stadium relocation. more than half read as press releases, the other blandly recite interested parties. virtually none examine the supposed economic benefits of massive tax breaks for sports venues

I am afraid I do not have time