> would you liken Anthropic to Pets.com

Was Pets.com burning tens of billions of dollars per year? This comparison is not favorable to Anthropic.

Do generally agree that the models aren't going away. Neither OpenAI nor Anthropic are financially viable without government intervention, but it's not hard to be profitable in this sector and it will be even easier to be profitable after the unprofitable guys stop spending hundreds of billions in fake money inflating hardware prices.

>Was Pets.com burning tens of billions of dollars per year? This comparison is not favorable to Anthropic.

You can't just look at burn rate.

Let's compare Anthropic and Pets.com and see who it favors.

Pets.com lost about $8 for every $1 of revenue. They paid $2.24 for every $1 of dog food it sold - dog food you could already buy in the store.

Anthropic lost about $1.70 per $1 in 2025, on a product that didn’t exist a few years ago. There revenue has since grown about 7x.

And my point doesn’t rely on this comparison, which I think so clearly favors Anthropic. Pets.com died, yet internet services are more widespread than ever. People even buy pet food online more than ever. If Anthropic folds, the models and the demand for them don’t go away with it.