00:00Let's get into all the numbers, right? These are data points presented in documents seen by
00:04Bloomberg and shown to prospective investors, right? In what is an interesting period of the
00:09year. There are several of them. Just take us through the numbers.
00:13Yeah. So we have this revenue number, which is many times what the company had reported
00:19just a year earlier, which indicates that what it is doing is trying to sell its services,
00:25especially to companies, but also consumers are buying its services as well for its chat
00:29by Claude is working. I mean, it's up about like, gosh, at least 14 fold from last time.
00:37It also is clear that the company had their annualized revenue run rate crossed 47 billion in
00:48May. From what we know, OpenAI has an annual run rate of over 40 billion. But it's important
00:53to remember that the companies calculate things differently.
00:58I point out that there's a number of AI stocks on the move to the upside this morning. The other
01:04data point that's interesting is positive adjusted operating income, which in Anthropik's case,
01:09I guess, is making everyone feel good that losses won't be infinite and forever. But the comparison
01:14to OpenAI on ARR is really interesting because we put this in the context of two potential IPOs.
01:20If not this year, then maybe next year as well. What's the kind of reporting on the timeline for
01:25that?
01:27Oh, for me, it feels like it's still a little tricky to predict that one. But what I will say
01:32is that these two reports that we've done recently, this most recent one on Anthropik,
01:38and then the other recent one we had on OpenAI and how their revenue is increasing. If we look at
01:44them individually and try to compare them to each other, because as I said, with ARR, at least,
01:49that they're calculating them in different ways. So it's certainly not an apples to apples comparison.
01:54It looks like each company is showing investors and potential investors better information than
02:01it could have just a month or two ago. And so that could be a really positive sign for an
02:05IPO.
02:08What about the technology side? Where do we stand with Anthropik and OpenAI and sort of the cadence
02:12of them releasing the latest frontier models and where their business focuses are?
02:18Yeah, it's been kind of interesting to watch that unfold over like the last six months or so
02:24as these companies move closer to a potential IPO. You're seeing them sort of refocus or focus,
02:32you know, more intently on certain aspects of the business. I think with OpenAI, we're still seeing
02:37a cadence of releases, but we're seeing less of an array of things, which is interesting. And it'll
02:45be even, I think, more clear as we go forward more this year. But we're also going to see the
02:50company
02:50continue to focus on things that it thinks are important, both on the consumer and the enterprise
02:56side, because those are both really big businesses for it. With Anthropik, I bet we can expect to see a
03:02lot
03:02more on the coding side, probably science side as well. We may see that out of both companies,
03:08both of those two things. But I think we're going to see a lot of that sort of stuff happening,
03:12this sort of coding, perhaps science, and maybe some other sort of work-related applications that
03:17we haven't seen too much of yet for these chatbots that they are hoping to sell to people.
03:21So, thank you.
Comments