Anthropic Cannot IPO, No Frontier Model Startup Can
The fundamental issue is how much they are burning on inference. Not training, their bread and butter. It makes them complete uneconomical as a business. Everything AI would explode financially if people understood how much money they are burning on day to day operations.
https://www.ft.com/content/fce77ba4-6231-4920-9e99-693a6c38e7d5
https://www.wsj.com/tech/ai/big-techs-soaring-profits-have-an-ugly-underside-openais-losses-fe7e3184
yes they can.
if you know what a tam expansion is then you'll know that they can.
If the cost scale with growth they can never escape