It's amazing to see the shift from "Anthropic is profitable" to "it's just R&D costs" following the leak of Anthropic's finances. If there's one thing more abundant in this bubble than FOMO, it's special pleading.

These companies are burning helps of money, and they need to keep burning heaps of money in order to stay competitive. People have (correctly) learned to be extremely fickle consumers, they can't depend on making profit by running inference on a 1 year old model.