Keep pulling the thread on Sarah Friar.
OpenAI's annualized recurring revenue for July 2024 exceeded its entire Q2 2024 revenue.
Based on data from research platform Funda, Anthropic's annualized revenue run rate was estimated at $71 billion in July 2024, an increase from $47 billion in May 2024.
Data from the investment research platform Funda estimated OpenAI's annualized recurring revenue at just under $50 billion.
Semi Analysis estimated that Anthropic was operating at an annualized recurring revenue of over $60 billion at the beginning of July 2024.
Semi Analysis predicted Anthropic would end the current quarter with $1 billion in profit.
Dwarkesh Patel predicted that Anthropic's revenue will reach $100 billion to $150 billion by the end of the year.
Demand for tokens from OpenAI and Anthropic is so high that their entire production capacity will be consumed.
The revenue growth of OpenAI and Anthropic is the primary justification for the large capital expenditures on data centers and related financing in the AI economy.
Nvidia is reportedly in talks to backstop $250 billion of OpenAI's data center demand.
South Korea's KOSPI index fell 40% in one month, marking the worst stock market crash in the country's history.
Nikkei Asia estimates that hyperscalers hold $1.65 trillion in data center debt, primarily off-balance sheet in special purpose vehicles.
Google reported its first cash flow negative quarter in years as capital expenditures exceeded profits.