u/Double-Currency2007

Short video, but showed a chart of the recent deals Anthropic signed for computer, including the last one with SpaceX. Briefly mentioned the new one with TeraWulf, light on details however. They made a comment that existing crypto mining campuses somehow gives Terawulf a leg up, though it is never actually explained how.

Most on this sub know the demand story and how its dominated by two unprofitable companies.

I don't understand the logic behind Anthropic doing this? Are they too playing the buy a bunch of things and see which ones deliver first and cancel the rest game? I don't know what the details of these deals are though.

"This goes beyond what has been labeled as Forward Deployed Engineering (FDE) and will be the largest, most capable, outcome-driven engineering organization in the industry." 

Granted it is a Microsoft blog post so there is an expectation of marketing fluff, but wow what a signal this is. After Satya Nadella said something along the lines of AI needs to be open and not taken over by a single player we get this.

There is so much to unpack here.

I'd interpret this that their existing AI business is not making any money or maybe costing them money so they need to beef up revenue somehow with their well known old trick, salespeople and consultants.

After promising the world with AI, agentic AI and whatever else they tried to throw against the wall, now apparently we need good old fashionable people to to do it for you.

The part about "engineering experts at customers to co-design, co-innovate, deploy and continuously improve AI systems at scale based on measurable business outcomes." seems a bit on the nose with all the ROI chatter the last few months. And of course their answer is, pay us more money so we can tell you how to do it right.

Microsoft has turned full heel against OpenAI, "We protect that intelligence with a model-diverse, open, heterogeneous AI platform. Customers shouldn’t be locked into a single model any more than they should be locked into a single technology vendor." Except when it is Microsoft.

To be a fly on the wall in Microsoft executive meetings where they are trying to figure out how to get out of this mess they created.

Basically the big banks, Goldman, JP Morgan and Mizuho are saying we don't think OpenAI is worth what Softbank says and is requiring guarantees of other assets or cash for the loan.

This is terrible for Softbank and could be equally as bad for everyone else. If these guys are now saying OpenAI isn't worth what Softbank thinks it is how does that affect all the other AI players valuations that propped up deals and stock values?

This is supposedly the 3rd time most recently that Softbank is trying to secure loan against their OpenAI holding. If they somehow manage to get it with guarantees are they admitting that OpenAI is not worth what it once was? What about the loans they already took out? Would it force some kind of reevaluation? Will be interesting to see what the reaction to this is.

The signs that financing has be turning against further AI investment has been growing for many months now. Add another one to the pile.