Anthropic stated that they are profitable but as long as you do not look at their stocks nor the bills for capex. The AI goldrush spend continues to built out for the billion dollar shovel for the 1$ AI nugget of gold. I mean hell, if I am to use this logic I am technically a trillionaire I just haven’t earned the money yet.

Anthropic has told its backers it will be profitable this quarter, as it moves to allay investor concerns about the aggressive cash burn of frontier AI companies ahead of its blockbuster initial public offering.

Right now anthropic* is pulling the one thing that people do when they are at a loss of what to do when they panic about money, If I do not see the bills they did not happen. AI development is slowing down, consumable content is drying up. AI is trying to get a 4g fancy rebrand to AGI. we are playing all the games that happen when a business knows the books are cooked.

Anthropic has chosen Nasdaq as the venue for an IPO that could value it at $2tn or more, according to a person with knowledge of the matter. The company declined to comment.

We’ve seen this play before, NFTs used this same playbook and while it works in the short term it crashes as soon as it gets legs. Anthropic price would not get a valuation out of the gate this high unless someone was jigging the system to make it seem like it was valued this high.

The listing comes at a fraught moment for the AI industry, as the blistering pace of development collides with public anxiety over the technology’s impact on everything from the environment and jobs to the future of humanity.On Saturday, the $965bn start-up’s chief executive, Dario Amodei, called on the AI industry to slow the pace of development.

The factor that the company is talking out both sides of the mouth on this should SCARE the SHIT out of every investor. No high level C suite Exec announces to “slow down” unless all the moves are played out and you are trying to ride the profits of the current system and hope for a breakthrough like an addict waiting for their next fix. The thing is right now AI is eating its own tail consuming slop and its margins for accuracy is degrading and the execs know this. The AI That is claimed as new is not really new it’s just pushed to the front, we are on the same AI that went on jeopardy in 2011, The difference now is computing power has caught up to the AI and CEO’s are terrified that people might figure this out. The modern tech purist will say “NO MODERN AI IS DIFFERENT!” Which in its most basic form it’s Watson with more association, or Charlie from It’s always sunny in Philadelphia with his conspiracy board.

Employees at the rival labs have been in close communication over recent weeks about instituting measures to safely manage the development of AI, according to people familiar with the talks, which are highly unusual given the fierce competition between the companies.

Brother.. Have I something to sell you. It’s called monopoly, the Factor the labs are getting “together” to talk about how they are going to manage safety it’s not safety, They are hitting a wall and know if one person gets an edge here the entire market can go down with it. This is cartel behavior they see the snake oil running out.

My final point here is, If AI were to slow down and redevelop the AI to a smarter AI that doesn’t get fooled into telling someone how to eat glass I’m good with that. The CEO’s are slowing down because they are building a 39483948329048 horsepower engine to run a Geo Metro. If the AI companies drove AI to be an augment versus the “replacement” they are looking for, it would actually make sense. Otherwise the markets are going to have dark times ahead.

Attributions from:
Financial Times – Anthropic tells investors it will be profitable for second straight quarter

*Yes, the lowercase is intentional. anthropic hasn’t burned through enough compute or told enough truth on their balance sheet to earn capital letters on this site.