operating expenses
Ed Zitron argued that Anthropic spent $12.65 billion on operating expenses to generate $4.6 billion of 2025 revenue, implying $2.75 of spending per dollar of revenue. 1 He said this made Anthropic a worse business than OpenAI on his comparison, while questioning claims that Anthropic had become profitable in 2026 because those claims relied on unaudited figures, adjusted margins or annualised run rates. 1 A reposted BoringBiz item framed Anthropic’s profitability definition as excluding both cost of goods sold and operating expenses. 2
Where the voices land
Nobody took a position in september 2026.
Mentions
2 in September 2026Stories it travels in
i
The stories
- ○ a voice, on the left
- ◌ a voice raising half of these
- ● a subject, on the right, under its story
- ⌒ a line is a voice raising a subject — thicker, more items; colour is the story
The stories this entity travels in: on the right, each story with the subjects seen alongside it; on the left, the voices that raised them, and a line for every subject a voice raised, bundled by story. Tap a voice to light everything it raises, a subject for who raised it, a story for its own lines. The crumb goes back.
Who brings it up
- Ed Zitron 1 mention
- Craig Fuller 1 mention
- Roland Martin 1 mention
See what your own voices say about operating expenses, every morning.
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