Anthropic's Q3: The Profit Disappeared, the $895 Billion Compute Bill, and Why It's Still Bullish

Last week I went through Anthropic's financials and I was shocked. Turns out Anthropic makes a lot of money.

It goes beyond the title with direct discussion of going, billion, anthropic, including: Turns out Anthropic makes a lot of money.

1. 01They had so many people trying to access their models that they didn't have enough compute to go around
2. 02For every dollar of compute that they would invest, which is arguably the largest CapEx cost to create these models and serve these models, they were making around $2.08 of revenue
3. 03Inference margin on that is around 85%