[andxor]

What makes you think the API costs are "the true price" and anywhere near their inference costs? Also what percentage of users do you think actually maxes out their subscription?

I suspect they're subsidizing a lot less than people think.

[rootatixww3]

there are many sources saying that Anthropic has 80% margin (profit) on API tokens

[alwillis]

> I suspect they're subsidizing a lot less than people think.

Agreed.

[edg5000]

We can look at openrouter GLM 5.2 prices I think to get a rough idea about the pure inference cost (with margin). They are probably running on simmilar hardware. Although scale helps Anthropic probably.

[solumunus]

Well they’ve claimed operational profitability on that, and probably aren’t lying as they’re about to IPO…