> 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-...

https://finance.biggo.com/news/02d45650-b569-4d12-b44d-8d6d8...

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NitpickLawyer 9 hours ago | parent | next [-]

Agreed. 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.

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npn 7 hours ago | parent | prev | next [-]

even deepseek, with their current (dirt cheap) price, can earn enough profit to cover the cost (hardware investment?) in 10 months.

	▲	likium 3 hours ago \| parent [-]
		Will 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.

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knollimar 8 hours ago | parent | prev [-]

That numner blends in training or no?