Also, as far as my own use goes, I found that the capabilities/price ratio of DeepSeek's offering is very hard to beat. It's really good enough so the thing that matters to me (besides table stakes like uptime, latency, etc.) is price at this point.
Anthropic themselves claim to be profitable, fwiw.
>preliminary, unaudited, and could be revised before the prospectus lands
>Which costs were adjusted out has not been disclosed
>profitability may not hold for the full year
That is a lot of caveats on the "profitability".
Source?
They seem to be reporting gross margin by excluding the cut that cloud providers take for hosting their models, and excluding R&D.
Basically they seem to be taking credit for the whole amount that customers are paying cloud providers to run Anthropic models, rather than the actual net proceeds of that business to Anthropic.
The media is overstating what they're being leaked.
Anthropic is reporting traditional losses. It's also highlighting that operating figure, because it answers the question around what the business could look like in a steady-state and first-party-only mode.
They aren't claiming the profitable right now. But for an unprofitable company, having these sorts of metrics can give you a sense around when they will become profitable and what it will take. (Plenty of people were doubting that AI makes money on inference not too long ago.)
Adjusting out stock-based compensation and non-cash expenses is absolutely fine for a company growing at the rate Anthropic is. The concern is more that they cherry picked a couple months when their expenses were abnormally low [1].
[1] https://www.wheresyoured.at/anthropics-profitability-swindle...