VCs simply can't fund cutting-edge AI! Anthropic President clarifies: going public is not for "cashing out," but only to "keep the compute power black hole alive"
According to 动察 Beating monitoring, against the backdrop of leading large model companies collectively racing towards the secondary market, Anthropic president and co-founder Daniela Amodei provided an in-depth explanation of the fundamental capital logic behind the company’s decision to confidentially file for an IPO at the Bloomberg Tech Conference on June 4. She made it clear that, for large model companies, going public is no longer a traditional late-stage cash-out exit, but rather a necessary financing option to meet the extreme consumption of computing power.
Amodei emphasized that cutting-edge AI research faces a “double black hole” of funding: on one hand, the massive upfront investment needed to train advanced large models; on the other hand, the ongoing operational expenses generated by providing inference services to users, which are also extremely high as the user base explodes. She predicted that as competition in large models enters deep waters, only a handful of “core large model enterprises” will remain in the first echelon to advance the frontier of technology. The capital gap for computing power needs in these companies already exceeds the limits of private VC investment, and only a public market with deep liquidity can support this scale of capital consumption.
This rationale for going public is also closely related to Anthropic’s unique “asset-light” approach to computing power. Unlike OpenAI and xAI, which are investing massively in building their own data centers, Anthropic insists on not building data centers and instead flexibly leases external computing resources (such as leasing capacity from SpaceX/xAI). Amodei explained that the demand for large models is extremely hard to predict precisely; the company would rather remain in a slightly tight position where product demand slightly exceeds computing supply, than bear the high idle depreciation costs of self-built data centers. By raising a strong cash reserve through an IPO, Anthropic can avoid tying itself down with heavy assets while maintaining sufficient liquidity to flexibly procure computing power and withstand market fluctuations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Oil: Prices supported by supply risks and Iran tensions – Danske Bank
Jane Dunlevie appointed as Co-Head of TMT Investment Banking at Goldman Sachs (GS.US)
According to reports, Jane Dunlevie, a star investment banker who became a Goldman Sachs partner at age 35, has been appointed as Co-Head of TMT (Technology, Media, and Telecom) Investment Banking, according to an internal Goldman Sachs memo.
Bitwise Makes Biggest XRP Purchase in October
Japan shares extend losses as rate uncertainty, geopolitical woes curb appetite
Updates with closing prices By Satoshi Sugiyama TOKYO, Oct 8 (Reuters) - Japanese shares fell more than 1% on Thursday, down for a second consecutive session, as investors paused after recent rallies, wary of the US rate outlook, higher yields and geopolitical tensions. The Nikkei 225 Index .N225 fell 1.42% to close at 69,042.11, while the broader Topix .TOPX slid 1.51% to 4,091.46. "Japanese shares had risen at a rapid pace through yesterday, and profit-taking has since picked up. That selling pressure appears to be continuing today," said Hiroki Takei, strategist at Resona Holdings. Japanese AI-related shares were subdued even after Samsung Electronics 005930.KS, the world's largest memory chipmaker, projected a nearly ninefold jump in third-quarter operating profit from the same period last year. Shares of chipmaker Rohm 6963.T lost 5.19%, the biggest percentage drag in nearly a month, while technology investor SoftBank Group 9984.T shed 4.28% and Tokyo Electron 8035.T dropped 2.48%. Concerns over US monetary policy remained in focus after Federal Reserve minutes released on Wednesday showed most participants signalling another rate hike by year-end. Market participants remained wary of French and Italian debt markets, with rising energy prices and fiscal concerns keeping sentiment fragile. Geopolitical tensions also dampened risk appetite, as increased attacks on shipping in the Gulf and the Strait of Hormuz fuelled concerns over Middle East oil supplies and pushed crude prices higher. Breadth was negative, with 165 decliners in the Nikkei 225 against 56 advancers and four unchanged. The largest percentage losers in the Nikkei were semiconductor silicon wafer supplier Sumco 3436.T, down 5.73%, followed by construction machinery maker Komatsu 6301.T, down 5.52%, and agricultural machinery and equipment maker Kubota Corporation 6326.T, down 5.42%. The largest percentage gainers were cybersecurity software company Trend Micro 4704.T, up 3.89%, followed by IT consulting firm Nomura Research Institute 4307.T, whic
Crypto prices
More
