• Fallibilist@feddit.uk
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      7 days ago

      That article reports that Anthropic told investors it expected one profitable quarter in 2026. It does not claim the company as a whole had become profitable.

      Anthropic has raised large amounts of money by giving investors special instruments that can later turn into stock. When the company’s overall value rises a lot, the value of those instruments also rises. Accounting rules require the company to record that increase as a loss on its books, even though no cash actually went out the door to anyone. This explains about 72 of those 80 billion. It’s not actual money spent.