"we’re going to have a leaderboard of who used the most"

Yeah I've seen stuff like that and it's a bit bewildering for me. Feels a bit like AWS is new and we're competing to see who can deploy the most EC2 instances.

Their disclosed run rate was 14bn around the time of those filings IIRC, they started showing meaningful revenue around start of 2025, so if you just linearly extrapolate up that would give you ~7bn-ish actual revenue over that period. The more the growth is weighted towards the last few months the more that number goes down

So I don't think those numbers are really in tension at all

If your revenue doubles every month, then in the first month where you make $2.5B, your total lifetime revenue has been $5B ($2.5B this month, $1.25B the month before, etc. is a simple geometric series). But your current revenue run rate for the next year will be $2.5B x 12 = $30B.

They're not quite growing that fast, but there's nothing inherently inconsistent between these claims... as long as the growth curve is crazy.

Curious - what’s this court filing?

I think you can argue that AI is going to explode and take over the economy, and it’s still a bubble.

I think one possible route is that cloud capacity just becomes totally commoditized and none of the hyperscalers will be able to extract the kinds of profit margins that would allow them to make a good return on their investment (model makers will fall victim to this too). Ultimately, what may happen is that market competition for everything explodes since AI and robots can do all the work, prices for everything (goods, services, assets) collapses, and no one is really any richer than anyone else.

They won’t. They’ll just casually fade away from prior statements. Just like all the software engineers whose first take was that it’s just autocomplete.