I read a Substack titled "Does AI have a gross margin problem" recently that stipulated that Anthropic was operating at 50-55% gross margins and investors expec

I read a Substack titled "Does AI have a gross margin problem" recently that stipulated that Anthropic was operating at 50-55% gross margins and investors expect long-term gross margins to be at 60ish%. Granted, they own the models, so you could assume people building with their models capture less margin.