In a sign of the times Anthropic has listed a net loss of 80 BILLION with a b…

Anthropic’s net loss widened sharply to $80.7 billion in the first half of this year, in large part due ​to a rise in the fair value of bonds convertible into shares of the ‌AI startup, according to a draft prospectus for a planned initial public offering that was reviewed by Reuters.

I have been steadfast in saying AI is a seriously overpriced commodity that has been nothing more than a goldrush. AI is just google search in a trench coat. And that the markets rush to stake a claim in the Gold rush era is much like the 1849 gold rush.

FINANCING COSTS
At an investor meeting on October 14, Anthropic told ‌prospective IPO ⁠investors that its third-quarter revenue jumped 45% to $16.8 billion from the previous quarter, Reuters reported, citing people familiar with the matter.
While the figures eased some concerns about the enormous costs of developing AI systems, some investors were disappointed by the slowing sequential growth rate. Revenue had more than doubled from the first ​quarter to $11.6 billion in ​the second quarter.

The thing is here is this is only half the numbers, most LLMs have been pushing all CapEx expenditures to a second set of books and it makes these companies look better than they really are. When all of the loans come to be due it is going to be a financial bloodbath because what we are seeing is AI is not ready for the mainstream for constant use. The factor that AI has been a consistent loss leader and companies have no clue how to monetize it in a way that is not going to drive users off they are stuck with negative gains.

A cooler ⁠reception for Anthropic’s IPO could weigh on the wider AI market, whose near-term prospects investors see as hinging largely on the share sale’s success, ahead of ​rival OpenAI’s potential listing next year.
Reuters reported in September that Anthropic posted a ​net loss ⁠of $42 billion in 2025, with most of that stemming from a similar accounting charge. As Anthropic’s valuation climbed, the estimated fair value of those notes tripled year over year.

The thing is, investors they thought they had a slop generating gold shovel paradise and the new car smell of AI is wearing off. While LLMs are trying to say that AI will destroy the world and eat your firstborn and knock up your daughter … The fix still is a power switch in the end.

Attributions from:
reuters – Anthropic logged net loss of over $80 billion in first half of 2026
CoffeeCommander.net – Anthropic says they are profitable as long as you don’t check the inbox for bills.
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