I find it crazy that Google considers Anthropic to be worth almost 10% of Google itself (350B valuation mentioned in the article). Anthropic gets traction but has no moat, no infrastructure and relatively small team working for it. I feel for 40B you can get a lot of very smart people and a lot of very good hardware to outcompete it.

10B at their valuation from last November is an absolutely killer deal. If Anthropic had sufficient compute supply they could raise at 2x easily if not 3x.

What a wonderful world our tech overlords are building for us leftover humans

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Regardless of if this is “vendor financing” or “circular financing” the history books are riddled with this sort of stuff ending very badly.

It’s concerning that the only thing that seems to be keeping the AI bubble inflated at this point is money from the folks selling things to AI companies. That’s very much not a good sign no matter how you spin it.

I’m a fan of AI and there’s clearly value to it… however that value seems completely out of whack with the money pumping into the ecosystem and at some point such irrational behaviors break.

They need it to fend off Crabby Rathbun from watching YouTube videos and commenting. The paperclip race is on, and we must win it!