chairmansteve

Good point. Although they also need to make a profit. To justify an eventual PE ratio of 25 and a current valuation of $1 trillion they need to make an annual profit $40 billion. And then lets assume $40 billion in other expenses. So they need revenue of $50 + $40 + $40 = $130 billion revenue annually.

But if you buy them today at a $1 trillion valuation, and they only make $40 billion in annual profit, your investment will go nowhere. They need to be growing profits at 20% per annum to justify a PE OF 25.

And then you have the competition problem. The cheap open weight models are good enough for many (most?) tasks.

And then you have the problem that LLMs may not be that useful outside of programming, customer support and law (and doing homework).

"Elon doesn't miss with his social media marketing".

He just misses with his products these days: Cyber Truck, Robotaxi, Grok...

So when they pull the plug on a model, do they think they are euthanising it?

They (Anthropic) are such a cult.

The Clinternet?

"On the flip side it always surprises me how rabid HN can be about throwing out H1B workers".

They should get paid the sane as American workers is all...

"Jesters do oft prove prophets".

- King Lear

> What were they supposed to do?

The normal thing to do is to resign from the board. Maybe put out a statement explaining why.

Apparently test scores are rising in England....

I saw extremely rapid computerisation of my kid's education around 2020. Properly thought out and edited text books were replaced with last minute rushed teachers notes on google docs and buggy apps.

That would have contributed to to the decline.

>Please let me know where I should pick up my Nobel prize.

Maybe you could settle for the FIFA Economics Prize.

Problem is, you pay 10x for shirt that is made in the same factory as the cheap shiry, just has a different logo.

>To me this makes this "contrarian" at least a bit smarter than the one parroting the popular opinion...

If it is kneejerk contrarianism how is it smarter?