This announcement isn't just for the construction companies; it's for the power companies.. Anthropic is basically saying we're going to build a factory the size of a nuclear plant here. If you start building it now, you'll have a guaranteed buyer in 5 years
Will this pan out? We don't know, no one knows. But this isn't "a scam" there is a plausible future where a large percentage of white collar (or dare I say it, blue collar) work will have an assistant and that assistant requires a considerable subscription (200/mo? 1000/mo?).
Interesting to see all of the leading labs in the West make this bet.
Several parties are writing the checks. It's a complex structure of future VC rounds, debt financing, and most importantly, massive cloud credit commitments from their investors like Amazon and Google
Anthropic just borrowed 133 billion dollars from different investors in September, and 20 billion in total over 2025. Just where would they get such amount of actual money? Ask Softbank for a donation? Those guys do like to pour money into a fire pit.
"$50 billion investment" is classic "press release capital," not actual cash in a bank account. Anthropic isn't sitting on a mountain of cash. This is most likely a multi-year "commitment," funded by future investment rounds, debt financing, and possibly large pre-payments for cloud capacity from their investors, and it's a signal to competitors and the government about their ambitions, not a real $50B expenditure happening today
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[ 2.6 ms ] story [ 32.8 ms ] threadGood luck paying that back, especially as AI is basically commodity now.
> The project will create approximately 800 permanent jobs
Approximately $62.5 million per permanent job created!
Will this pan out? We don't know, no one knows. But this isn't "a scam" there is a plausible future where a large percentage of white collar (or dare I say it, blue collar) work will have an assistant and that assistant requires a considerable subscription (200/mo? 1000/mo?).
Interesting to see all of the leading labs in the West make this bet.
https://news.ycombinator.com/item?id=45896707
For $50 billion?
I think there's a serious problem here.