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Anthropic raises $3.5B at $61.5B valuation
- w10-1 2y agoPress release from Anthropic: https://www.anthropic.com/news/anthropic-raises-series-e-at-usd61-5b-post-money-valuation https://www.anthropic.com/news/anthropic-raises-series-e-at-...
- ChrisArchitect 2y agohttps://news.ycombinator.com/item?id=43244019 https://news.ycombinator.com/item?id=43244019
- bhouston 2y agoMakes a lot of sense. In writing my open-source agentic coder (https://mycoder.ai https://mycoder.ai), I find Claude is head and shoulders above the rest. I wish I could invest.
- justinc8687 2y agoFYI, the dark blue text on a black background for your examples is almost unreadable without highlighting the text.
- bhouston 2y ago(More examples are here and I think the styling bug isn't affecting this page: https://docs.mycoder.ai/docs/examples/ https://docs.mycoder.ai/docs/examples/ I will look into the bug you ran into.)
- nijaru 2y agoThey're likely running the Dark Reader extension and turned it off for the site, but didn't refresh the page. The extension doesn't always fully reset when you disable it for a specific site. Reloading the page with the extension turned off fixes the issue, so it is not your site.
- bhouston 2y agoThanks for the explanation
- deleted 2y ago[deleted]
- henning 2y agoThe page does not scroll smoothly. https://simonhearne.com/2015/jank-meter/ https://simonhearne.com/2015/jank-meter/
- rezistik 2y agoFundrise innovation fund is an investor and so you could through that fund.
- deleted 2y ago[deleted]
- tsycho 2y agoAnthropic has been on-and-off available on EquityZen. I personally find the valuation expensive, but you do have the opportunity to invest if you want.
- JumpCrisscross 2y ago> Anthropic has been on-and-off available on EquityZen Please note that EquityZen is notorious for being a premium payer in the market, to the tune of 20 to 500%.
- pergadad 2y agoMay I ask what you mean by this? They pay 20-500% more for the same #/% of ownership as other investors buying at the same time? Or do you mean they charge their customers such a high premium? Is there any data on this available?
- tristor 2y agoHiive has listings where folks are selling their employee shares as secondaries, if you really want to get exposure that much.
- pllbnk 2y agoThere's no reason not to think that within their current model architecture they accidentally discovered lucky configuration which helps them achieve better results than competitors. While companies still need tens of thousands of GPUs to train the models, we no longer need that for inference; with DeepSeek you can infer efficiently at a fairly modest price with comparable quality. As the model training is understood better, we might hit the ceiling where additional thousands of GPU-hours won't give any noticeable quality benefit and good results from training can be achieved even without investing hundreds of millions into hardware.
- buyucu 2y agoHow does one justify this valuation in a world DeepSeek and Qwen are free?
- somanyphotons 2y agoAt any point the open models could fall behind new closed offerings
- tylersmith 2y agoThey've always been behind. They're closer than ever but still miles away from Claude's code abilities.
- mechagodzilla 2y agoBut the open models create a (rapidly rising!) 'floor' - models that are worse/less capable than the best open-weight models effectively have zero economic value to their creators, even if they just spent $10B to create them. What fraction of queries require a better-than-R1 answer? Every time that floor rises, it puts even more pressure on whatever narrow, temporary advantage these closed companies can achieve to actually justify the valuations.
- nilkn 2y agoI think for at least the next several years at minimum we’re going to see people continuing to integrate large language models more deeply into more aspects of their workflow. Many people will become used to what’s only possible with the absolute best and will simply lose interest in second rate models. I have no doubt that at some point this process will stabilize, but we’re definitely not close to that point yet.
- ndiddy 2y agoThe problem I see is that all the current AI leaders are spending way more than their revenue in training costs to stay ahead of the open source models. As an example, in 2024 Anthropic made $908 million in revenue, but spent $5.6 billion on training. If they cut down on training costs to become profitable, it would only take a year or two before open source models outperformed Anthropic's models, essentially making them worthless. With this in mind, I don't see how it's possible for Anthropic to generate a return on investment.
- strangescript 2y agoI have been using Claude Code, and its a bit pricey, but has exceeded my expectations so far.
- jstummbillig 2y agoDo tell. How is it better than Cursor, Windsurf or (probably closest) Aider? Does it do anything the former don't, that was not possible before? I did not really understand the value prop, but am super interested to learn more.
- ranscendental50 2y agoNope -- he's giving us his personal feedback and experience. I agree with him. I dislike Cursor and Windsurf and enjoy Claude Code alot. Bother to try it for yourself, and make your own decision. I know it make actually be a bit of work...but you'll probably find everyone has their own style from the web API, to some IDE. No need to be so hostile.
- nickthegreek 2y agoI do not read hostility there, just directness. He has a valid inquiry and states he is interested to learn more. Assume good faith.
- j_bum 2y agoAgree. Not sure how, “I’m super interested to learn more,” indicates hostility.
- sundarurfriend 2y agoI think ranscendental50's reply itself was unnecessarily hostile and don't agree with the way they responded, but I can see why they assumed hostility. "Do tell" is unfortunately to a large extent used passive aggressively on the Internet, and generally actually means "Don't bother telling me, you're obviously ignorant". This seems to be a case where it's meant genuinely, but it's not surprising that not everyone picked up on that.
- hnarayanan 2y agoClaude is my favourite.
- rendang 2y agoTypically tech companies that end up with fat profits are near-monopolies with dominance in market share or with moats on their expense side, like Apple's vertical integration or Amazon's logistic network. What's the scenario look like where multiple LLM providers like Anthropic and OpenAI both live up to their valuations? Claude being 1.1x better at code and OpenAI 1.1x better at some other stuff doesn't seem like enough differentiation to do it.
- outside1234 2y agoAlso feels like we are just waiting for someone to swoop in with a open source model like DeepSeek that wipes both of them out.
- sour-taste 2y agoShouldn't deepseek have done that already?
- rtkwe 2y agoThere's a lot of money riding on their being a lot of headroom left on LLM performance and usefulness. I personally have my doubts you can get their with the Chinese Room model of LLMs but that's where all the money and hype is riding.
- keithwhor 2y agoDeepSeek V3 is easily the best cost / performance non-reasoning model on the market but accessing it via API is not straightforward -- at least for people who want their model hosted in the US. For the layperson OpenAI / Anthropic are much more accessible. Some of OpenRouter's [0][1] providers seem bunk; their version is corrupted. Occasionally just get mangled outputs. Fireworks [2] is my best experience so far: their serverless API, haven't messed with custom deployments. Fast, performant, better than other models in its size category and less expensive. [0] https://openrouter.ai/deepseek/deepseek-chat:free https://openrouter.ai/deepseek/deepseek-chat:free [1] https://openrouter.ai/deepseek/deepseek-chat https://openrouter.ai/deepseek/deepseek-chat [2] https://fireworks.ai/models/fireworks/deepseek-v3 https://fireworks.ai/models/fireworks/deepseek-v3
- ktusznio 2y agoCan someone explain what is driving the growth of xAI's valuation?
- nradov 2y agoA lot of these large AI investments at huge valuations are essentially just buying lottery tickets. There are very few other opportunities available to large investment funds targeting high risk and high returns. They have to put their money somewhere so where else can it go? This gives AI company management huge negotiating leverage in setting valuations for late stage funding rounds.
- margalabargala 2y agoHaving an owner who also has control over procurement for the entire US Government is very, very valuable. The quality of the AI tech is irrelevant.
- laluser 2y agoIt's integrated into X, but they are separate companies.
- deleted 2y ago[deleted]
- logicallee 2y ago$61.5B market cap is a steal for Anthropic. I pay $200/month for ChatGPT pro and the latest model o1 sometimes gets stuck on something in code that Sonnet 3.7 gets instantly. You can see a long list of things I built with Claude AI right here: https://news.ycombinator.com/item?id=43164257 https://news.ycombinator.com/item?id=43164257 EDIT: since I posted this 54 minutes ago I started this MVP of a valuation calculator: https://claude.site/artifacts/4e7c0461-d62f-4c47-b285-971af2d1bfef https://claude.site/artifacts/4e7c0461-d62f-4c47-b285-971af2...
- mi_lk 2y agoAny reason to keep pro subscription if you're satisfied with Claude?
- logicallee 2y agoThey are good at different things, they don't have the same skillset and when one gets the stuck the other can do it. It's kind of like asking "Any reason to ever hire more than 1 developer if 1 developer is full stack and can do it all?"
- SoKamil 2y agohttps://archive.is/aokyw https://archive.is/aokyw
- Layerman 2y ago[dead]
- rvz 2y agoRaising money like it is the year 1999.
- benrutter 2y agoSome of these mega-evaluations make me nervous. Maybe I'm overly bearish but I don't think Anthropic is that likely to generate enough revenue for this, particularly in a world with so many, often free, competitors. Assuming I'm right, I'm not really looking forward to a point in 5 years when shareholders all suddenly decide they agree.
- throwaway743950 2y ago> when shareholders all suddenly decide they agree Sorry, what are you saying happens at that point?
- benrutter 2y agoI'm thinking a market correction, like when the dotcom bubble burst and a lot of value disapeared from the stock market overnight. This is really not a good thing, and almost definitely would affect the IT industry as a whole.
- nradov 2y agoWhy would you be nervous? If valuations collapse then what practical impact would that have? Are you a shareholder?
- paxys 2y agoAt this point the AI bubble is very tightly linked with the tech industry and the overall US economy. If/when it bursts we are all going to be affected, whether we are directly invested into it or not.
- ncallaway 2y agoWhen the dotcom bubble burst, it affected far more people than just the shareholders and employees of those specific companies. The economy is interlinked, and a bubble bursting hurts many people. Part of it is realizing the pains of inefficient allocation of capital. A bubble "bursting" is often an indicator that the capital in within that bubble had been previously misallocated. So the broader pain when the bubble bursts, is partly society and the markets suddenly discovering that the $3.5B probably could've been put to better, more productive uses.
- blackeyeblitzar 2y agoIs Anthropic really relevant in this race? It feels to me like ChatGPT has the users, and enterprises are willing to switch between models, so what can Anthropic really offer in a defensible way?
- deleted 2y ago[deleted]