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Wall Street Journal: $80B Losses at Anthropic
Anthropic Inc. incurred net losses exceeding $80 billion during the first half of the year, and it is expected to spend up to $750 billion in the coming years to expand its computing capabilities to support AI models. The increase in losses is attributable to accounting charges of $72 billion related to changes in the value of financial instruments issued by the company. Revenue increased to $16.3 billion, while infrastructure expenses rose to approximately $9 billion. The company's estimated valuation dropped from $2 trillion to around $1.5 trillion following a decline in investor enthusiasm, amid expectations of market instability in the AI sector ahead of its planned IPO in November.
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