Comment by simonw

If that was genuinely happening here - Anthropic were selling inference for less than the power and data center costs needed to serve those tokens - it would indeed be a very bad sign for their health.

I don't think they're doing that.

Estimates I've seen have their inference margin at ~60% - there's one from Morgan Stanley in this article, for example: https://www.businessinsider.com/amazon-anthropic-billions-cl...