1 Day
Source:
Sky News
Wall Street Journal: $80B in human-caused losses in six months
Reports have shown that Anthropick recorded net losses exceeding $80 billion in the first half of the year, primarily due to accounting charges of $72 billion related to the value of its financial instruments. The company also revealed the possibility of spending up to $750 billion in the coming years to provide the necessary computing power for developing AI models. Anthropick's revenues rose to $16.3 billion over the six months, compared to $1.1 billion during the same period last year, with its spending on AI infrastructure increasing to approximately $9 billion. This indicates the exorbitant costs involved in the AI race, while the company's potential valuation diminishes as investor expectations regarding the returns on its massive investments decline.
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