Topic

Anthropic

A collection of 10 issues

Defending the Enterprise Castle from the Model Layer

If Microsoft’s lagging stock performance didn’t already cause a tinge of nervousness among its shareholders, Satya Nadella has been writing several pieces on X almost to clarify why Microsoft may be in a spot of bother in a world where model layer eventually becomes utterly dominant in capturing

The Salience of Data

Let me begin with a thought experiment. Imagine you know nothing about OpenAI’s or Anthropic’s financials. No ARR figures, and no valuation marks from the latest round. Now add one more condition, and it may be less hypothetical than it sounds: assume every frontier lab has access to

Token Cost Conundrums

A couple of weeks ago, I highlighted a couple of pieces by Anjali Shrivastava who made the point that a token is not a fixed unit of cost. Today’s piece is a follow-up driving the point home that even though every model charges its API customers per token,

Frontier AI's Economic Engine

It should not surprise anyone that coding has found the most product market fit in AI, but it is notable that how much it surpasses everything else in enterprise segment so far which explains so much why Anthropic has been on a tear. a16z recently highlighted AI’s adoption and

The Fat-Tailed Economics of AI

Anthropic yesterday disclosed that their run-rate revenue has surpassed $30 Billion (I appreciate that unlike most people in tech, they didn’t call it ARR). To contextualize how mind boggling the growth is, Anthropic ended 2025 with annual run rate of just $9 Billion which then shot to $19

The Pendulum Between Intelligence and Knowledge

Over the last week or so, I have started noticing an interesting development that is worth highlighting. Let’s start with Microsoft’s announcement yesterday. From Microsoft’s blog yesterday (emphasis mine): “Today, Researcher—Microsoft 365 Copilot’s deep research agent for work—takes a significant step forward. Designed to

Frontier AI Economics

When I say frontier AI model developers have somewhat “speculative” economics, I do not intend to mean it is destined to be bad even though “speculative” does have negative connotation. What I want to highlight is the range of outcomes for frontier AI model developers is still fairly wide, an

Lipstick on Frontier AI "Pigs"

Dario Amodei recently did an interview with Dwarkesh Patel. While plenty of people found it rather reassuring for the “AI trade” to continue, I came away with much more consternation not only about Anthropic but also about anyone whose revenue or earnings is hinged on Anthropic spending ever increasing amount

"File over App", Veeva at JPM Healthcare Conference

Back in 2023, Steph Ango, CEO of Obsidian, wrote an intriguing piece titled “File over app”. It’s a bit philosophical piece. Some excerpt from the piece: “File over app is a philosophy: if you want to create digital artifacts that last, they must be files you can control, in

Anthropic's focused bet, Portfolio Change

A programming note: As a reminder, I will take the next two days off for Thanksgiving, and hope to be back on Saturday. Happy Thanksgiving, everyone! For a brief moment, Gemini was leading the benchmarks until Anthropic released Opus 4.5 this week. For the uninitiated, Sonnet and Opus are