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When you owe the bank $1000 and you can't pay you have a problem. When you owe the bank $400B and you can't pay, the bank has a problem. (well the creditor, does)

So they signed "take or pay" contracts for compute?

lets test how uncanceleable these uncanceleable contracts are

Guys I am beginning to think my credit card might have an Alignment Problem

Not even the Hyperscalers can ignore misses of that magnitude. Gonna hurt them real good when Anthropic drops dead.

Enron, anyone?

Madness! Utter madness!

What % of their reported future revenue does the $252bn represent?

Wario was honest when he said he needed $1tn or would go bankrupt

$413B of commitments before the revenue is even fully realised… the AI trade is getting very comfortable with long-term promises.

Could cause the end of Oracle

If I understand correctly, the issue now isn’t just revenue, it’s that anthropic has essentially committed to guaranteed minimum ~$40 billion a year in compute costs regardless of how efficient their models are or how much demand they get?

Seems good

lol. Lmao.

every story about Anthropic or OpenAI makes me feel like I'm tripping on something

Antropic has no assets. They would have to write it off

I'm no expert, but wouldn't these be concerning numbers even for a company that wasn't deeply unprofitable?

I guess letting chatbots make your financial decisions isn't a very wise idea.

In 10 years the technologies, use cases, and customer base will be unrecognizable. For investor's sakes they better hope that someone at Anthropic really is a space alien with a time machine.