3 ms·
> if "labs are subsidising tokens on API pricing" > SemiAnalysis estimates that Anthropic's current blended gross margin has risen to the mid-60% range, with t
by dist-epoch 3mo ago
> if "labs are subsidising tokens on API pricing"
> SemiAnalysis estimates that Anthropic's current blended gross margin has risen to the mid-60% range, with the API business gross margin exceeding 80%
Of course, people will insist "they are lying", "why should we believe them, it's well known they subsidize API pricing", ...
https://newsletter.semianalysis.com/p/anthropic-3q26-profit-over-1b-the https://newsletter.semianalysis.com/p/anthropic-3q26-profit-...
https://finance.biggo.com/news/02d45650-b569-4d12-b44d-8d6d8aeb6a0d https://finance.biggo.com/news/02d45650-b569-4d12-b44d-8d6d8...
- NitpickLawyer 3mo agoAgreed. My (somewhat educated) guess is that top labs have healthy margins on API pricing. But this release will add another 3rd party / clear of conflict datapoint in this estimation.
- knollimar 3mo agoThat numner blends in training or no?
- npn 3mo agoeven deepseek, with their current (dirt cheap) price, can earn enough profit to cover the cost (hardware investment?) in 10 months.
- likium 3mo agoWill the model even be competitive in 10 months though? Seems like models that reach top 20 on OpenRouter see 50% of all token spend by day 80, and 80% by day 180.
- entrope 3mo agoAs long as the hardware can be used on newer models, hardware costs can be recouped running a future model. But if they're hoping to recoup non-recurring engineering costs rather than just hardware costs, they do need to consider the useful lifetime of the specific model.