alt Hacker NewsThat's the discussion I WOULD like to see on HN, rather than "omg $81B net loss".
My understanding is the opposite - Anthropic issued debt / liabilities tied to their company valuation, their company valuation skyrocketed, so the value of their liabilities also skyrocketed, resulting in a large accounting loss.
But finance is not my wheelhouse, so I would love to hear this from someone who actually knows what they're talking about.
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Yes, it is analogous to selling covered calls on stock. It’s $72B in “lost profits” that they would have had had they held onto it instead of selling it.
Inclusion of SAFEs makes this IMHO the most plausible explanation.
I do not expect to find that Anthropic invested enough in the SAFEs of other companies to lose $80B on their investments.
You are correct. Matt Levine discussed this in more detail in his last column (scroll down to the Anthropic section): https://wallhop.io/https://www.bloomberg.com/opinion/newslet...