alt Hacker NewsWhat do you value a company at that has gotten to $14b in revenue in 3 years and has 60%+ margin on inference? Just out of curiosity.
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I am struggling with this because I have an Anthropic offer vs another equivalent offer that is all cash.
But project out forwards.
- What happens when Google builds a similar model? Or even Meta, as far behind as they are? They have more than Anthropic in cash flow to pour into these models.
- What happens when OSS is "enough" for most cases? Why would anyone pay 60% margins on inference?
What is Anthropic's moat? The UX is nice, but it can be copied. And other companies will have similarly intelligent models eventually. Margins will then be a race to the bottom, and the real winners will be GPU infra.
Is their overall margin also about 60% too? Or something saner like 30%?
60%+ margin on inference: source ?
+ r&d costs
Of course, if one does not "pay" for investment, benefits are easily made ..