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#claude · #anthropic
Anthropic's S-1 makes two confessions. The loud one is the $80.7B loss, almost all of it accounting. The quiet one: 5% to 7% of revenue came from customers who broke the usage policy, and Anthropic is going to cut them off. We read the filing separating what's in the S-1, what's press coverage and what's rumor, and what it means for your token price and your account.
26 Oct · 14 min
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