First off, we are so sorry for the upload process mistake. Thank you to everyone who notified us about the mistake. It won't happen again!
Anyway.....to the episode....
In February, Anthropic's revenue run rate was $14bn.
By the end of July it was reported at more than $65bn, ahead of OpenAI.
It's now said to want a $2 trillion valuation at its IPO, but I think it could be in trouble (or at least starting to slow down).
Its growth is slowing fast, the price of its product keeps falling, and it has signed up for about $400bn of computing it can't cancel.
In this episode of In The Loop, I'm going through why I think Anthropic's growth is plateauing, how OpenAI has been catching up by going after Anthropic's business customers, and what both companies will likely do next.
⏭️ Episode highlights
(01:07) – The founder who moved off Claude
(02:30) – Doubling time goes from 8 weeks to 17
(04:26) – Token prices down about 40% since March
(06:23) – The roughly $400bn bill Anthropic can't cancel
(08:12) – How OpenAI got to almost $70bn
(14:06) – Four things I expect to happen
(15:24) – What Anthropic and OpenAI must do
