Better Offline

Monologue: Anthropic Lost $8bn In 2025, Was A Worse Business Than OpenAI

September 30, 2026·7 min·4-min readsolotechnology
Podzilla Summary (4 min)
TLDR
Anthropic’s 2025 financials, leaked to Reuters, reveal a deeply unprofitable business that lost over $8 billion on $4.6 billion in revenue, spending $2.75 to make each dollar—worse than OpenAI’s already poor economics. Despite claims of profitability in 2026, the evidence suggests continu

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Mentions

Books, people, and resources mentioned in this episode.

People

Ed ZitronDario AmadeiKrishna Rao

Companies

AnthropicOpenAIReutersCoreWeaveMeta

Products & Tools

GitHub CopilotGoogle TPUAWS Inferentia

Topics

Artificial IntelligenceInvestigative JournalismLarge Language ModelsMachine LearningStartupsTech Industry

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