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Anthropic has raised $130B. It's a bit more than selling a share to your mate for $1.
by matwood 5mo ago
Anthropic has raised $130B. It's a bit more than selling a share to your mate for $1.
- Matl 5mo agoYes, it's like selling a share to a group of mates who hear from their mates that AI is hot so they want in. Still does nothing for the profit not being there to pay those investors back in any other way than via new investors (ie pension funds).
- dfedbeef 5mo agoThere should be a word for paying investors with money from other investors
- codechicago277 5mo agoSeems structurally sound, kind of like a pyramid.
- kmbfjr 5mo agoIs it when X is clearly engaging in creative financial engineering with a goal of maximizing their value.