• Botzo@lemmy.world
        link
        fedilink
        English
        arrow-up
        41
        arrow-down
        1
        ·
        edit-2
        2 days ago

        $500 million in run-rate revenue

        Absolutely astounding that they can raise $13B on a sixth round of funding on that.

        For the less finance jargon savvy, “run-rate revenue” just means projected annual revenue.

        All this means they spent 3 years of revenue to make this go away.

        Absolutely not a profitable business lol.

              • Botzo@lemmy.world
                link
                fedilink
                English
                arrow-up
                1
                ·
                20 minutes ago

                5B run rate explains the wild 183B valuation better. The calculus is usually a solid return after 3 years and double or better by 5, so they’re being on something like a 500B valuation by 2030.

                And they very likely won’t be profitable in the real sense even then.

    • Alphane Moon@lemmy.world
      link
      fedilink
      English
      arrow-up
      12
      arrow-down
      1
      ·
      2 days ago

      Monopoly money using image generation ML tech for the design. Special partnership with HP for printing these notes.

    • dinckel@lemmy.world
      link
      fedilink
      English
      arrow-up
      8
      ·
      2 days ago

      Wouldn’t doubt it for a second. They create a product they can easily gaslight all the corporate chumps into buying, and by the time they realize there’s 0 roi on it, it’s already too late

      • pdxfed@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        21 hours ago

        At least I can enjoy stupid corporate leaders lapping up the dogfood they’re told to eat, except for the pain workers and real people suffer as a result of this yheft, trash and grift.

        • panda_abyss@lemmy.ca
          link
          fedilink
          English
          arrow-up
          8
          ·
          2 days ago

          If I could pirate a bunch of content then pay back only 10% of the value while pocketing the rest I’d be thrilled

          • Dave.@aussie.zone
            link
            fedilink
            English
            arrow-up
            2
            ·
            2 days ago

            This is just the cost of doing business for Anthropic.

            No particular material harm to the business. Declare the matter settled, everything is fine and dandy, and now they have carte blanche to rape and pillage the next village dataset.