Posts

Image
  Anthropic Is on Track to Turn a Profit Much Faster Than OpenAI Financial documents from both companies show the different approaches they are taking to the AI boom By Nov. 10, 2025 9:07 pm  ET Sam Altman, CEO of OpenAI, and Dario Amodei, co-founder and CEO of Anthropic.   Florian Gaertner/dpa/Zuma Press; Vincent Isore/IP3/Zuma Press Quick Summary Anthropic anticipates breaking even by 2028, while OpenAI projects operating losses of $74 billion that year. OpenAI expects to burn through approximately 14 times as much cash as Anthropic before achieving profitability in 2030. Anthropic focuses on corporate customers, accounting for 80% of revenue. This summary was generated with AI and reviewed by an editor.  Read more  about how we use artificial intelligence in our journalism. Anthropic anticipates breaking even by 2028, while OpenAI projects operating losses of $74 billion that year. The finances of Silicon Valley’s two largest artificial-intelligence startups ...
Post a Comment
Read more
Image
  Breakingviews - Corporate AI sticker shock will force restraint June 3, 2026 8:00 AM GMT+10 Updated 6 hours ago FILE PHOTO: A technician works at an Amazon Web Services AI data center in New Carlisle, Indiana, U.S., October 2, 2025. REUTERS/Noah Berger for AWS/File Photo Purchase Licensing Rights , opens new tab HONG KONG, June 3 (Reuters Breakingviews) - If any trend should strike fear into the finance departments of global companies it is "tokenmaxxing". From Amazon.com  (AMZN.O) to Meta Platforms  (META.O) , firms have been aggressively pushing employees to embrace AI, driving up demand for models and apps. The shift has made once-predictable IT budgets wildly volatile and hard to justify. A correction looms. Businesses are currently locked in a race to encourage widespread use of tokens - ​the unit of text or data that large language models process and produce. Tools like coding agents, which often run in the background and go back and forth constantly with models, ...
Post a Comment
Read more

MARTIN WOLF ON THE AI BUBBLE

  How should someone who knows next to nothing about artificial intelligence think about its implications for humanity? While it is cheeky to use the formulation of the Jewish sage Maimonides when tackling the relationship between revelation and philosophy, it is not absurd. After all, even the greatest sage cannot fully understand divinity. So, the fact that I do not understand the implications of AI should not prevent me from struggling to do so. Maybe my struggles will also help others. MARTIN WOLF ON THE AI BUBBLE. ( Wolf's mistake here, a common one, is to confound use values with exchange values. AI may indeed increase the availability of use values. But that does not translate into profitability which is never absolute but relative to the capitalist command over living labour in its [fictitious] guise as labour power (that is, as a commodity). So, here goes. The question I wish to consider is: “AI boon, bane or bubble?” Moreover, once we have considered the answers, are ther...
Post a Comment
Read more