@TehLamboX unfortunately it gave a good exit position at +130% on the 1125c for today but I was like.. nah itll go to 1830.. and ended not selling out until it was SNDK was at like 1770. big sad :(
@AutismCapital Meta fronting 60$ worth of AI compute daily per person for Musa is their best marketing data collection scheme since FB first launched (replacing DARPAs Project Lifelog).
Markets up across the board.
SP100 added $DELL, $SNDK , $PANW and one other.
Main cap cryptos are up.
Back to ATH ? Weirdest September in decades for the market.
@Mr_Derivatives feels like theres a 5K hedge if R sweep (do to the possible check), so.. technically can bet heavily into D sweep or D house, R senate and still come out ahead.
Also notice in Anthropics recent earnings, they talk about "ADJUSTED Operating income", which if you look at what Dario means by adjusted, its removing essentially all their operating expenses like research costs, infrastructure etc.
Add it all back in and Anthropic is still losing $4 for every $1 of revenue they make.
i.e. they cant turn a profit and are terrified that a upstart company with OpenSource (OS) system will displace them and their trillion dollars bullshit backing.
This is why OpenAI, Anthropic are virtue signaling for "AI is dangerous we need to slow down and have govt regulate it". Its not for your sake.
Its to remove competition while they continue to harvest the wealth of nations.
This is called regulatory capture, and is how monopolies /duopolies form and technological advancements die.
Allow me to interpret what’s happening.
Anthropic is being audited.
Anthropic desires to file an S-1, as they would like to go public. Therefore they need an audit. And by “they”, I mean the VC’s who invested in them. So “they” can exit their position and pass the bag to firemen, nurses, teachers and policemen.
How does this go from the VC’s to the working man and woman? Because the size of the IPO will automatically qualify Anthropic for the Fortune 500 and the Dow Jones 100. Therefore, every working person with a 401k or pension will end up owning a little bit of Anthropic in their mutual funds. Teachers hold the bag, VC’s take the cash. Thank you, come again.
Now back to the audit. The audit required is a PCAOB audit, Public Company Accounting Oversight Board. This audit is what all public companies must comply with be on the stock market. Revenue recognition, expense classification, depreciation, related party transactions, etc. It’s there for consumer protection.
This audit is TOUGH. It is INVASIVE. There is no way to lie your way through it. Any company that passes a PCAOB audit automatically earns my trust on finances.
How do I know? Because I’ve been through it before. @ChangRobotics is 2 year PCAOB audited and currently underway for a 3 year audit. It’s brutal. The same as showing up as the valedictorian to your high school graduation, except you’re naked, and you have to walk on stage and deliver the speech. It’s rough. And I know many incredible founders that can’t pass one.
Now, why would Anthropic be leaking all kind of weird statements lately about “self pacing” a slow down on AI (e.g. they are WAY behind on revenue), and profitable if they didn’t have expenses (e.g. we just learned for the first time what our expenses are, because we’re being audited).
Because they were claiming NVIDIA discounts and Microsoft cloud credits as revenue. Because they had no clue what their expenses were, or why it even mattered. Because they had unlimited investor capital and their job was to burn it to make an LLM. Well, they did a great job with that!
That’s the same as my wife coming home with Bed Bath and Beyond coupons and telling me it’s her paycheck. Ummm, not the same, sweetheart.
So by now hopefully you can see that Anthropic is in a PCAOB audit right now, in order to file an S-1 and go public, and pass the bag to teachers so the VC’s get profits. And hopefully that explains their “crazy” behavior.
In reality you can be grateful to KPMG, PWC, or whoever is auditing Anthropic, because it’s the first time Dario learned that:
1) we are not profitable
2) expenses matter
3) coupons are not revenue
4) we have no clue how to be “profitable”
5) growth is hard when revenue numbers are in an audit and not a power point
-your neighborhood engineer
@Brav0USA@justmazer Well.. corpsman are like retarded nurses. 😂 remember that guy/girl prob only scored like a 50 on their asvab. Which itself is a test to see if you're retarded or not.