It is when you discuss financial health of a company, at least that’s what I picked up after doing fintech and loans, it’s the bottom line that matters, or the projected outcome of the same. What point is there making money in area A when area B costs more. If you can stop doing B without affecting A that’s usually what happens, but it’s not always possible.

Saying ”we’re positive except the foundation of the company (training models) isn’t” is a tell tale sign.

And I’m sure Anthropic is doing what most others are doing, heavily massaging numbers to make them look good for VC rounds.