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IPO prospectus: Anthropic reports a net loss of $42B in 2025, with operating losses of $8B+; revenue grew 12x to ~$4.6B, ~25% of which came from two customers (Echo Wang/Reuters) Main Link | Techmeme Permalink

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So I too can be considered successful if I set 42 billion dollars on fire and all I make is the csam machine?

If you are operating in a research-heavy field and have investors willing to go a route of years of losses - yes. Lots of companies that generate billions of revenue went exactly that way. Burn money while creating a product and making it well known, earn money later

Shreyas@shreyasd.bsky.social

Significant percentage of #google #nvidia #amazon net profit is being derived from other/comprehensive income comprising of non-marketable equity and debt. This part of income is just paper value. In effect like a PE/VC/PC firm. Paper profit is being used to demand higher multiple and valuations.