9 comments

  • chrisXOXO15 minutes ago
    Idk, but for me it is ridiculous, people still doubt these valuations. SpaceX was of course non sense. But to value those companies lower than 1 trillion??? Please, link some source to change my mind.
  • zackify1 hour ago
    The world doesn't make sense to me. I use 5.6 Luna. Deepseek v4 flash 0731. And kimi k3. Don't even need claude anymore at their insane prices for anything I do.
    • jrflo47 minutes ago
      If you're primarily writing code yourself or meticulously reviewing the output from agents, then you're right. However, if you tried to have any of those models one-shot an app or do some highly agentic work, they would certainly fail. That's the future people are looking towards with these valuations: when its no longer economical for humans to write or even understand code, just let the models drive because they are superhuman at it. Not saying we are there today, but that's when you really start to see the benefit of more expensive models. Luna or Deepseek flash would never find any of the mathematical discoveries or security exploits that the larger models can find.
    • surajrmal1 hour ago
      What enterprises pay for is all that matters. They pay insane amounts for a lot of things I would never do personally, but I'm not the target demographic in those cases.
      • dmix20 minutes ago
        The Chinese companies will need to pay their bills eventually too.
        • XorNot14 minutes ago
          Their purchasing costs are much lower proportionally.<p>Chiba has cheaper electricity and a more capable grid for the industrial type usage levels they need to drive.
          • gpt51 minute ago
            Data centers don&#x27;t really cost less in China. Perhaps even more due to trade restrictions and the difficulty of smuggling the chips in.<p>Electricity is a small part of the bill.
    • cadamsdotcom1 hour ago
      200usd&#x2F;mo for Claude gives me tens of thousands of dollars of value.<p>API prices are paid by companies getting <i>tens of millions</i> of dollars of value.<p>In normal life money is the key constraint; buy this don&#x27;t buy that etc. - whereas in VC funded companies the constraint is time. If you as a founder get funding and don&#x27;t spend it fast enough you put yourself at serious risk of being replaced.<p>When enough of the world operates on that principle it creates a highly price insensitive market and that then can support a ton of ideas and experiments, some of which turn out to be really <i>really</i> good. It&#x27;s a wild way to do innovation but it&#x27;s been working well for decades.
      • gruturo1 minute ago
        &gt; 200usd&#x2F;mo for Claude gives me tens of thousands of dollars of value.<p>That may well be true, but the same tens of thousands of dollars of value can be purchased for a fraction of the 200usd Anthropic asks.... therefore why not?<p>And even beyond pure monetary considerations, it often refuses to help as soon as its trigger happy safeguards kick in, can&#x27;t debug a lot of code before it decides to stop helping IME.
      • margalabargala46 minutes ago
        It doesn&#x27;t, though.<p>$200&#x2F;mo of Claude may give you what would have cost tens of thousands of dollars to create in 2023, but the value of what it creates isn&#x27;t there anymore. It should be compared against what it would cost to create with other tools, not against the cost of you doing it by hand.<p>Otherwise would be like justifying an obviously overpriced car, because &quot;it saves me so much compared to carrying things thousands of miles by hand!&quot;
    • weitendorf43 minutes ago
      I walk to work and ride a bicycle in my free time, don’t see why anybody would need a hatchback or semi truck or build rockets. Idiots
      • oblio15 minutes ago
        Is the market for the &quot;rockets&quot; enough to justify what these frontier labs are spending yearly?
    • Marciplan42 minutes ago
      In many things in life it’s wise to think further than just what suits your needs personally
    • bossyTeacher57 minutes ago
      &gt; Don&#x27;t even need claude anymore at their insane prices for anything I do.<p>What insane price is that? Pro is $20 per month. Same price as a Netflix ad free sub.
      • delduca56 minutes ago
        Until they stop to subsidize.
        • wyre39 minutes ago
          They might raise the price, but I don&#x27;t think they will ever get rid of the $20 tier. It is way too consumer friendly and likely has the highest percentage of users that aren&#x27;t abusing their quota limits. A layperson will be extremely hard pressed to create an API key, know what to do with it, put money in their account. People want an easy subscription.
  • tolugenius1 hour ago
    &gt; &quot;Could they (Anthropic) get a $2 trillion valuation, yeah they could and I just wonder if it would stay there over time&quot;<p>Can someone explain exactly how the market can in <i>any sense</i> support not one but two trillion dollar valuations (referencing spacex as the first)? (I imagine openai will likely be in the same ballpark) genuinely we&#x27;re reaching &quot;elementary levels of big funny number&quot; in the market.
    • adastra221 hour ago
      A $2tn IPO does mean $2tn materialized out of nowhere. What matters is how big the liquid market is, and that is a much smaller number.
    • jrflo52 minutes ago
      Well, if Anthropic actually makes $200B revenue in 2028 then that valuation is justified, depending on how fat their margins are.
      • MuffinFlavored40 minutes ago
        With the (unknown?) blend of consumer vs enterprise customers, what do &quot;experts&quot; project their margins to be around?<p>Some notes from me researching trying to answer my own question:<p>&gt; Wall Street experts and financial research firms project Anthropic’s current blended gross margins to be in the mid-40% to mid-60% range, with internal company forecasts aiming for a software-like 77% gross margin by 2028<p>&gt; Anthropic’s revenue is heavily dominated by enterprise and developer customers (roughly 75% to 85% of total revenue).<p>&gt; Premium Token Pricing: Enterprise and API clients generate 3 to 5 times more revenue per token than consumer users.<p>Net is estimated to be between 10% and 30%
  • iamleppert1 hour ago
    I love Claude but as soon as there is a viable replacement and I get around to it, I’m gone. I have zero loyalty to a chatbot and when the interface is just text the cost of switching is up to my personal whims.
    • import46 minutes ago
      I switched to codex after using Claude for a year. Faster, cheaper and smart (not sure smarter) but it likes to do things by itself without asking for clarification.
    • toephu243 minutes ago
      It&#x27;s here already, called chatgpt 5.6 sol
  • christkv1 hour ago
    What market size do they think AI will be in 2028 to give that prognosis.
  • Gys1 hour ago
    I cannot read the article. Does it say anything about profit?
    • yen2231 hour ago
      &gt; Anthropic has projected revenue of at least $10.9 billion for the second quarter of 2026, more than double the previous quarter, on track for its first quarterly operating profit of $559 million.
    • throw12345678911 hour ago
      Not a single mention. It’s all „revenue”. And as the downvoters are surely aware: profit != revenue.
  • Taikhoom1033 minutes ago
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  • nbcu19851 hour ago
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