alt Hacker NewsIt would make sense that they'd be considered high risk borrowers.
But that won't stop them from issuing bonds or more convertible notes as they have and the market may or may not bite.
It does add pressure to their IPO proceedings being as high as possible as their funding mechanism tho. But reduces pressure on them if shares crash a bit after that, still high risk borrowers.
"Hey Mr. Inference Provider, you can sell tokens for $0.03 that cost you $0.02, to PRC end users who are too poor to use Claude or don't like that it refuses their use case, which is spam, scams and cheating on homework.
Or, you can trade $0.03 of tokens that cost you $0.02 for $1.00 in ANTHROPIC SHARES, which makes the thing that everyone uses for like, math discoveries and curing cancer."
Average Hacker News commenter (not you): "Nooooooo it's not profitable Anthropic is going to crater nobody will take their convertible notes"