Anthropic is at least renting their datacenters, not owning, so all the capital accounting bullshit is getting laundered by someone else, who will wind up holding that bag.

And Anthropic is currently cornering the enterprise coding market, and they were smart to avoid video. Under current economic conditions they're a lot closer to being profitable than anyone else, and they can take advantage of crashing prices for compute if we hit a datacenter-buildout-glut.