Wild although not entirely surprising. Congrats, Anthropic.
Tech stocks with all the hype are second only to crypto in terms of how easy and fast are to sell (hence BTC dropped and now tech stocks IMHO).
Btw, I was too young to fully remember, but wasn't the year before the dot com crash also full of IPOs?
Citation needed.
That isn’t nothing.
These are all moats.
Source??
seems like there are a lot of those out there these days, and the costs are falling
> a massive concentration of talent and experience
Apparently 3000 employees? There's plenty of talent to be found elsewhere. Plus employees can be hired away.
> brand
meh.
> one of, if not the best, coding experiences
Seems easy enough to replicate, given how quickly they built it.
Valuation behemoth OpenAI has been forced by the market to use Anthropic standards a couple times, having no comparable solutions of their own.
… I can see it.
https://www.thesaasnews.com/news/databricks-raises-1b-series...
My sense is that startup mission statements are ~meaningless. Builders try to build great things that lots of other people will find valuable.
But I guess it's easier to make a glib comment than look these things up.
Beat OpenAI. The Founders came from OpenAI so there was obviously some disagreement about the direction there or they simply wanted more control.
But project out forwards.
- What happens when Google builds a similar model? Or even Meta, as far behind as they are? They have more than Anthropic in cash flow to pour into these models.
- What happens when OSS is "enough" for most cases? Why would anyone pay 60% margins on inference?
What is Anthropic's moat? The UX is nice, but it can be copied. And other companies will have similarly intelligent models eventually. Margins will then be a race to the bottom, and the real winners will be GPU infra.
Two years ago, I considered investing in Anthropic when they had a valuation of around $18B and messed up by chickening out (it was available on some of the private investor platforms). Up 20x since then ...
It was always obvious that Anthropic's focus on business/API usage had potential to scale faster than OpenAI's focus on ChatGPT, but the real kicker has been Claude Code (released a year ago).
It'd be interesting to know how Anthropic's revenue splits between Claude Code, or coding in general, other API usage, and chat (which I assume is small).
Until the funding stops for one reason or another and then everyone loses all their money at once like a star that collapses into a black hole singularity in a femtosecond.
In my opinion though this is a race to the bottom rather than a winner takes all situation so I don't think anyone is coming out ahead once the dust settles.
No comment on Google+, Google has a storied history of failure on any kind of social media/chat type products.
Where Google wins is just simply having enough money to outlive anyone else. As the saying goes "the market can remain irrational longer than you can remain solvent" In this case, Google is the market and they can just keep throwing money at the wall until OpenAI, Anthropic, etc. go under.
Google makes money selling ads. Nothing else matters.
Google does things I hate with their products. But the money printing machine keeps going whrrr faster and faster.
Some of the Big Techs are building their own in house stuff (Meta, Google), but it wouldn't be crazy to see acquisitions by the others, especially if the market cools slightly. And then there's the possibility that these companies mature their revenue streams enough to start actually really throwing off money and paying off the investment.
Some technical advancements are not worth it if you do not respect your users.
It’s the new kids in the block that will make the difference.
verdverm•1h ago
wonder how much of that $30B will make it their way and pay that down