[photonair]

If these are fake revenues, I would think that the sophisticated investors would see through that? Or everyone is just in some ponzi scheme raising valuation and letting the last investors hold the bag or eventually pass it on to retail investors buying at the peak?

[techblueberry]

Anthropic is private. They talk all The time about their numbers being non-gaap run-rate revenues mean extrapolating a month out to a year. All they have to do is book a big deal in May and multiply by 12.

It’s probably still impressive growth, but probably not as impressive as it looks.

[simonw]

According to https://www.axios.com/2026/05/28/ai-spending-roi-enterprise-...

> An AI consultant tells Axios one of their clients recently spent half a billion dollars in a single month after failing to put usage limits on Claude licenses for employees

Times that by 12 to annualize it and you get to add an extra $6 billion to the number!

[fsuts]

Yes

Everyone is in the same bag, get it IPO’d and then let the retail investors and tracker funds worry long term