Anthropic’s $5B, 4-year plan to take on OpenAI
AI models are in a race to the bottom and everybody inside Anthropic knows it. Besides OpenAI, with billions to spend plus a partnership with MS, there's also Google, Apple, Meta and Amazon who can afford to run losses on AI for years without blinking an eye.And if that wasn't enough the Open Source world is releasing new models almost weekly now, for free.Anthropic is putting on a big show to convince gullible investors that there's money to be made with foundational models. There's not. I expect a big chunk of the raised money to go out the door in secondary sales and inflated compensations. Great if you're working at Anthropic. Not great for investors.