How will it be profitable, really?

You can dismiss Ed (and me vicariously) but what's your compelling evidence to counter their extremely uphill battle towards profitability?

Either way it will be very interesting to see their S1 when they try and IPO.

If it's anything like SpaceX's then I suspect my post will age better than yours.

I sincerely doubt Anthropic’s IPO will say that their AI business is only 2% of their future revenue, and they’re bundling in totally unrelated, unprofitable things they expect to account for 98%.

I'm not sure what you're talking about or referring to...

I haven't heard anyone claim their S1 will show that but that it will show how poorly their revenue figures look against their costs.

Space'x IPO docs say that launch + Starlink will be 2% of their revenue opportunity, with enterprise AI being 98%.

Ah yes I see, SpaceXs IPO is a thing of beauty in how insane it is.