r/technology • u/CarciaNerissa • 1d ago

Artificial Intelligence Anthropic logged net loss of over $80 billion in first half of 2026

https://www.reuters.com/business/anthropic-recorded-net-loss-over-80-billion-first-half-this-year-wsj-reports-2026-10-20/
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u/MightyKrakyn 1d ago edited 1d ago

> Set $80B on fire

No no no, that’s just net losses. They’ve also burned all of their revenue and maybe capital gains! It’s so much more impressive

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u/Fenderbender805 1d ago

Burned their capital gains?

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u/Vandrel 1d ago

You expect people on reddit to know what words mean?

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u/Crunkabunch 22h ago

You mean they’re not burning through goodwill and amortization too?? /s

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u/Random_Name_Whoa 21h ago

Just wait til you hear how much depreciation they’ve set on fire

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u/Jutrakuna 17h ago

$80 billion is more than 5 Boeing 747 full to the brim with $100 bills. Burned.

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u/Lou_C_Fer 8h ago

960,000 cubic Sq ft.

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u/eoncire 15h ago

You expect people on reddit to actually read the article and not just the headline?

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u/172brooke 1d ago

Gains of capital, isn't that just revenue?

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u/Vandrel 1d ago

If you're serious, no, capital gains is when you sell an asset for more than you paid for it. Think stocks, crypto, real estate, that kind of thing.

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u/TheWolfHowl 1d ago

Thank you, while Ive always heard the term. I never looked up the definition and thought I understood it as another form of Revenue. Appreciate you clarifying the difference

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u/McGarnacIe 1d ago

You buy for $100. You sell for $150. You have made a capital gain of $50.

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u/insbordnat 1d ago

Capital gains? Are you sure you know what you're talking about?

Capital gains are typically associated with individuals, not businesses. And there's a distinction because there's a different tax rate.

Nowhere in business/finance profits/losses do you refer to profits from the sales of capital assets as "capital gains/losses". Sold a capital asset for more than you paid (which is rare, unless you're spinning off or divesting a business) - other income, gain on sale of XYZ, etc.

The initial post was braindead, but this isn't much better...

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u/Vandrel 1d ago

It seems like you responded to the wrong comment or something, it reads like you're trying to correct me on things that I didn't say.

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u/sidepart 1d ago

Wonder if they're somehow trying to refer to hardware assets that may have appreciated in value. I know some hardware has doubled or even tripled in value since the beginning of the year. Memory, storage, GPUs, etc that were acquired during the last fiscal year may have gone up in value since then.

I only have a real basic understanding of accounting though from...a long time ago, so I'm not sure how that shows up on a balance sheet. I know it's pretty common that property can appreciate. I don't know if it's accepted practice to have capital goods or assets like what I described be appreciated instead of just... depreciated based on their original cost.

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u/insbordnat 23h ago

not happening, and Anthropic isn't reporting any capital gains - that was my intended point.

certain property can appreciate (real estate, securities) but you're not going to mark-to-market the value of most assets to recognize a gain/increase the value on the bal sheet, so unless they're selling a bunch of hardware at gains - it's a moot conversation.

if they were in the business of selling their hardware that it represented a different income stream - it'd be revenue less capitalized cost, but that's also an unlikely scenario.

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u/ethan1231 1d ago

This may be the most financially retarded comment I've ever read on this site and I was on WSB years before GME

well done

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u/pattymcfly 1d ago

I miss the old WSB.

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u/Aint_EZ_bein_AZ 1d ago

Just spew buzzy financial words and get upvoted. Lmao reddit is so funny

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u/DefNotAShark 1d ago

Reddit hallucinating false truths due to being trained on biased, inaccurate data lmao. Deeply ironic.

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u/goldmedalsharter 1d ago

Howso? Net losses would be a reflection of spend > revenue + any gain on equity investments?

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u/RandomRobot 22h ago

I think that it would mean that they've actually sold a bunch of stocks in other companies, mostly. IIRC there's a lot of investment circlejerking in AI, but it doesn't make a lot of sense for them to dump say, nvidia stocks right before their IPO.

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u/jeffwulf 1d ago

72 billion of it is the value of stock they owe investors getting more valuable.

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u/BritishBatman 15h ago

You have literally no idea what you’re talking about 😂

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u/Churaragi 23h ago

Not capital gains, maybe you mean the capital investment, yes it is worth noting all this AI infrastructure relies on GPUs that will become obsolete incredibly fast and will need to be replaced within 2 to 5 years already.

In 6 months the depreciation from this short lifespan is already absurd and astonishing on its own, but you should definitely explain it correctly.

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u/Hellknightx 22h ago

I'd be happier if they burned their assets, too.

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u/flatspotting 20h ago

and the planet!