> Maybe think of it as a bimodal thing. And how does that justify the valuation that they are planning to IPO at?

It's just a total gamble, is that the claim?

> I can easily imagine a future in which Anthropic builds a sustainable profit model, grows into new sectors, and is credibly worth 7T in ten years.

I can easily imagine a future in which Anthropic fails to find a market fit that results in the kinds of profit that will cover their current spending commitments, and where the company is another casualty of progress.

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s1artibartfast 4 hours ago | parent [-]

If it were a sure bet, then it would be worth 10 trillion today.

Of course it is a Gamble. Anyone who knows anything understands there's risk

	▲	blltprfmnk 2 hours ago \| parent [-]
		“A risk” is not the same as a gamble. Of course there is risk. But companies don’t have trillion dollar valuations when there isn’t a clear path to profitability. Every one of the few companies with that kind of valuation generates tens or hundreds of billions per year in free cash flow.