Anthropic projects turning an operating profit?
Edit: Ed wrote up a post about it: https://www.wheresyoured.at/anthropics-profitability-swindle/
Original:
Help me understand what I'm missing here.
The Information reports that Anthropic projects turning an operating profit in the June quarter, expecting $10.9b in revenue and a small $0.5b operating profit: https://www.theinformation.com/briefings/anthropic-projects-turning-operating-profit-second-quarter
Yet their deal with SpaceX costs them $1.25b PER MONTH for 300MW of capacity: https://www.theinformation.com/briefings/anthropic-spacex-detail-compute-deal-worth-40-billion
Elsewhere, I think the estimate was that Anthropic has about 2GW of total capacity available.
So if they get $3.6b of revenue per month, have to pay SpaceX $1.25b per month, they end up with $2.35b per month - to pay for the remaining 1.7GW of compute and all other expenses?
If the market rate really is $1.25b per 300MW per month, that'd mean they'd need to pay $8.3b just for compute (2GW), PER MONTH. So how can they claim to be profitable with their $3.6b of revenue per month now?
(I hope I'm missing something obvious, silly me)