[reticulates]

We don’t “know” because they haven’t released any numbers but the most optimistic estimates (which many people believe are very very optimistic) put it at 60%: https://newsletter.semianalysis.com/p/anthropic-growth-and-b...

The simple question to ask is, if it is so profitable, where is all the money going? If Anthropic have 90% margins on API usage and API usage is $50bn+ in revenue per year, where is the $45bn going? Why do they need to raise so much cash, constantly?

[user43928]

I am not knowledgeable about their finances.

But I do wonder how a 60% margin would be realistic when Sonnet costs 3-6x more than GLM 5.2 hosted by third party providers.

[loolhahalmao]

they're taking the revenue and spending it on infra they're borrowing money and spending that on infra somehow, they still don't have enough capacity