Anthropic Told Investors It Made $16.8 Billion in Three Months and Is Profitable, If You Adjust. The Same Week, the First Breakout AI Chatbot Startup Went Bankrupt and Sold Itself to Disney for $20 Million

At a Wednesday investor meeting ahead of a November IPO that could value it at $2 trillion, Anthropic said third-quarter revenue rose 45% to $16.8 billion, that it is profitable on an adjusted basis, and that it earned $1.70 for every dollar it spent on compute. Two days earlier Character.AI, valued at $1 billion in 2023 and once the poster child for consumer AI, filed for Chapter 11 with a court affidavit showing it spent $10-14 million a month on compute against peak revenue of $5.3 million a month. Same technology, same year, opposite ends of the stack. Continue the story on unscarcity.ai: - When AI Goes Public: Shareholders vs. Abundance - Value Migration: When the Input Goes Free, Where Does the Money Go? Full episode notes on unscarcity.ai