Post B6IE1NCLBSaDe7YK0G by baldur@toot.cafe
(DIR) More posts by baldur@toot.cafe
(DIR) Post #B6IE1MxS4ofotwaQnQ by baldur@toot.cafe
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"The mysterious $53bn ‘other income’ boost to AI hyperscaler earnings"https://archive.md/Xis5j> Alphaville was mainly curious about the “other income” parts of their earnings reports, which in several cases had a meaningful impact. And by meaningful, we mean YUGE.And> OpenAI and Anthropic now make up about half of the entire cloud computing order books at Oracle, Alphabet, Amazon and Microsoft. 😲
(DIR) Post #B6IE1NCLBSaDe7YK0G by baldur@toot.cafe
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"Anthropic Commits to Spending $200 Billion on Google’s Cloud and Chips"https://archive.md/sa5xX> Together, contracts involving Anthropic and OpenAI now make up around half of the $2 trillion revenue backlog across Amazon, Microsoft, Google and Oracle, the four biggest U.S. cloud providers.
(DIR) Post #B6IE1NSIE9LMRb13rs by baldur@toot.cafe
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https://archive.md/AL1SX> When they put more money into Anthropic, or commit to spending billions on cloud capacity for it, that helps push Anthropic’s valuation up. And when Anthropic’s valuation goes up, the stake Alphabet and Amazon already own goes up with it. They book that increase as profitSo...> In plain English, the more they invest in Anthropic, the more profit they can report—without Anthropic ever having to pay them a dollar.This is fiiiiiine.
(DIR) Post #B6IdbMWneMVYqaNc9o by heymarkreeves@mstdn.social
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@baldur This should be considered accounting fraud.
(DIR) Post #B6IdbMn6fjYHfA0dZg by maccruiskeen@social.linux.pizza
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@heymarkreeves @baldur It's only a 'matter of potential concern' to regulators until rich people start actually losing money.
(DIR) Post #B6IdkABOuzoZAKZEbg by LappenjammerDieZweite@vivaldi.net
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@baldur The whole industry is a big, pardon the expression, circle wank.