I keep coming back to one line in Anthropic's S-1: over $500B in compute commi… · @harden_369741 · TwKit

@harden_369741

I keep coming back to one line in Anthropic's S-1: over $500B in compute commitments, against $16.3B of H1 revenue. Google at least $114.5B, Amazon at least $110B, Microsoft $44.9B, minimums that hold even if the capacity goes unused. Growth is real, 13x year over year, and Q2 even printed a $974M operating profit. But this is not a software margin story anymore. It is a rent story, and the landlords are also the resellers. My read: the IPO does not price Claude's intelligence. It prices whether Anthropic can grow into a rent bill it already signed. What would convince you the math closes? #Anthropic #Claude

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