I actually don't think so.

I think Anthropic actually has enough revenue to function. I think they cover their compute obligations with revenue, I think they can probably cover reasonable salaries too.

I made some calculations earlier, but with 16.8B for Q3, what is the problem? 2.5B per annum should cover the necessary salaries. After that they have 64.7B. Compute obligations over the coming ten years are only 518B. 8x their their current revenue.

I think this is actually a stable business. Probably not compatible with a 2T valuation though, especially not at present interest rates.