Anthropic logged net loss of over $80B in first half of 2026

Because of the DRAM shortage, not anytime soon. But if you’re willing to pay for inference somewhere else, Deepseek Flash 4.1 is good enough [1]. It might be going to be extra cheaper soon, too [2].

[1]: https://www.dgt.is/blog/2026-10-07-deepseek-freek-out/

[2]: https://news.ycombinator.com/item?id=50163277

This reminds me the famous (although unproven) "640K ought to be enough for anybody."

~508GB+ Uncompressed memory

~256Gb with 3-bit compression (about 3 bits per weight)

~128Gb with 1-bit compression (1.58 to 2.3 bits per weight)

So uncompressed is still about an order of magnitude out of most home systems' reach, but with compression it's not far off.

Where have I heard about this before? Oh right, months ago by Ed Zitron.

Grok is 100% not comparable. Like, we have a cursor subscription at work, and when my boss starts hassling me about token spend I honestly prefer to use composer rather than Grok.

It gaslights me on a regular basis and just straight up tells me it's done things, and then when I ask why this thing we fixed isn't working it tells me it hasn't fixed it.

It's actually incredible how bad it is. All the world's compute, and they still can't compete with even the Chinese vendors, never mind the labs and Meta/Google.

The two customers are Apple and FB. The former will never switch and the latter already has.

It's not entirely positive, it means that they have a bunch of debt.

But yeah, that number is not reflective of their core business.

If they can pay for training/inference out of revenue then they'll most likely survive. If they can't, then most likely they won't.

It is actually faring much better than other tech startups ipo’ing over the last 20 years.

Interesting, would love to know the details of this.

https://imgur.com/a/XRPOXLa

Total loss is about 96 billions, they deduced the top (~16 billions) from the bottom to get the net loss (~80 billions). What is "Other Expenses" here? The article says nothing about that. I am not sure to get this right.

they are obviously a con ( opinion). look at last slop report. opus 5.5 gets _worse_ when u put higher attention settings. u get banned for using better harnesses etc. etc.

they could do really well. a lot of avid supporters. But i think if they do not change their tactics then openAI, GLM for those who can run it, or others, might start taking even those (pardon my french) religious fans.

That would very much not be great for Anthropic, they need to be accelerating growth to keep valuation, doubly so as interest rates on corporate bonds continue to rise.

Microsoft, SK Group, Meta, Google, Oracle, etc.

So they might not be very relevant for the solvency of Anthropic, but that means that if their IPO flops they will also pull down others with them.

Regardless how they have paid for them, the expenses of Anthropic remain many times greater than their revenues. By accepting to not be paid now, their creditors are also gambling on their future success.

So the "loss" happens, because they were issued assuming one company valuation before, but the company is worth a lot more now, so the equity exchange on the conversion is now more "expensive", and thus a loss? But ultimately it just means the earlier investors are getting their equity cheaper than what an equivalent would be worth today, right?

Sounds like not too bad of a problem to have if I'm understanding things right. It implies Anthropic is worth more than expected, so they should have potentially received more money back in the day, but the whole point of those convertible notes is the future value is highly speculative. In the end if that's your problem, its because you're potentially crushing it harder than expected at least from a valuation viewpoint.

Anyone please correct me if I'm wrong. I am not in finance, and am definitely looking to learn and understand more.