Thread

1. camdenreslink · 1790640943 · focus · HN ↗

   Some of these numbers are crazy. The scale of them is hard to comprehend.

   - $42 billion net loss in 2025

   - $518 billion in infrastructure obligations coming up (EDIT)

   - 1/4 of revenue coming from 2 customers

   1. kamranjon · 1790641395 · focus · HN ↗

      does anyone understand what this part actually means?

      "The near-$42 billion net loss included a roughly $34 billion accounting charge that reflected an increase in the estimated value of financing that could eventually turn into Anthropic shares, rather than money the company spent running its business."

      1. jonas21 · 1790642097 · focus · HN ↗

         Convertible notes are worth more as the valuation of the company increases and under accounting rules that’s considered an expense for the company?

         1. trollbridge · 1790642652 · focus · HN ↗

            Because it is, because every other shareholder gets diluted.

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