There's an article from today where if they double their current revenue to $10.9B they will make ~$500M profit. Maybe I just can't count, but that's a margin of ~5% no?
On second thought, is this the reason anthropic is making these gigantic deals (1.2T to xAI, 200B to Google, >100B to AWS, 30B to Azure)? Is it just so that they can claim this is an amortized cost rather than a monthly reccuring operating cost?