The story’s score and claims

Comments on No. 78 of 110 · llukyanov.substack.com · edition of Thursday 29 October 2026

Anthropic's Efficiency: More Bang for the Buck, or More Bucks for the Bang?

Summary

Anthropic's S-1 shows revenue per dollar of compute rising from 0.40x to 2.08x between Q1 2025 and Q2 2026, but the author argues this does not prove a matching gain in technical efficiency.

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