A new draft of Anthropic’s IPO prospectus, seen by the Wall Street Journal, shows first-half revenue of $16.3 billion against $1.1 billion a year earlier, and roughly $600 billion of committed compute spending with talks underway that could take it toward $750 billion. The line Jake Conley picks out is the one that matters: $111 billion to Google, $110 billion to Amazon Web Services and $31 billion to Microsoft, payable regardless of actual usage. Two customers account for about a fifth of first-half revenue. Then Citadel’s Ken Griffin says AI is almost certainly a bubble, and Nvidia’s Jensen Huang tells Deirdre Bosa why the money goes out months before it comes back.
Featuring
Jake Conley, Breaking Business News Reporter, Yahoo Finance
Julie Hyman, Host, Yahoo Finance
Pras Subramanian, Senior Autos Reporter, Yahoo Finance
Jensen Huang, Co-Founder, President and Chief Executive Officer, Nvidia
Watch the full episode of The 8:30: https://youtu.be/PLACEHOLDER-REPLACE-BEFORE-POSTING
Timestamps
0:00 A new draft of the prospectus, and the numbers keep growing
0:20 Revenue up fifteenfold in a year
0:38 An $80 billion loss that is mostly accounting
0:45 The compute bill, and what it could reach
1:00 Where the money goes: Google, AWS and Microsoft
1:18 The asterisk, regardless of actual usage
1:26 "That is the line in that story that stood out to me"
1:40 Another $246 billion for chips, through 2034
2:37 Two customers, a fifth of the revenue
3:09 The risk factors, and the pushback on data centers
4:20 Citadel’s founder: Almost certainly a bubble
5:11 The ones that went bust are the ones nobody remembers
5:54 Why a re-rating does not need a crash
6:31 Jensen Huang on the float between shipping and earning
7:13 The gap he answers, and the gap he does not
8:30 Two more data center projects in trouble
#Anthropic #AIBubble #KenGriffin #The830 #YahooFinance
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