In case you missed the report today, AI startup Anthropic is posting some astronomical loss numbers for the first half of the year, but the headline number needs a little context before anyone assumes they burned it all on server costs. The Breakdown: The Headline Number: Anthropic recorded a net loss of over $80 billion in the first half of the year. For comparison, they “only” lost $13 billion during the exact same period last year. The Catch: They aren’t actually burning $80 billion in cash. The vast majority of this deficit— $72 billion —is purely from accounting charges. It’s tied to changes in the value of convertible notes and other financial instruments they used to raise their funding. The Source: The numbers were spotted in a draft IPO prospectus viewed by the Wall Street Journal. Anthropic hasn’t officially commented on the leak yet. submitted by /u/ok123jump
Originally posted by u/ok123jump on r/ArtificialInteligence