Take a look at the current most impressive AI unicorn—average annual revenue of over $90 million per person~

Anthropic: annual revenue of $300 billion, net loss of $10 billion~
A perpetual motion machine that burns money to prove a dream~
First, let’s talk about that suffocating number: AI inference costs make up nearly a quarter of revenue. AI asks once, loses money every time—this “monetization tax” can’t be reduced, and a trillion-dollar valuation is just a castle in the air~
Even more dangerous is its shareholder structure—Amazon and Google are both investors and compute power debt holders, and they’re also direct competitors. Translating this triangular relationship into plain human language means: landlords can cut your power anytime, and they have the right to copy your business~
With $400 billion in cash, Warren Buffett wouldn’t even spare it a second look—his logic is just one line: it won’t be cash-flow positive until 2028. If, in the two years in between, yen rate hikes spark a global deleveraging cycle, the unicorn can instantly turn into a money-guzzling black hole~
GAAP (Generally Accepted Accounting Principles) profits are expected only after 2029…
If it wins, it becomes a trillion-dollar empire~
If it loses, it’s the 2026 version of Lehman Brothers~
History never destroys technology—it only destroys stories that can’t make it through winter without cash flow~
#Anthropic #AI valuation #Warren Buffett