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Anthropic's bets on a maturity curve: robotics in research, drug discovery in the lab, Claude Science as an early product, Cowork and cybersecurity scaling, coding as the core business; image and video generation not pursued

Claude's Work Inside Anthropic Is Now Worth More Than Its Payroll

Priced at what customers pay, it passed payroll in April 2026. The S-1 also shows what Anthropic refuses to build, and why cheap open models scare it.

Article/OCT 27, 2026/10 min read

Anthropic's quarterly operating result, negative for five quarters, then +$0.97bn in Q2 2026, the same half it booked an $80.7bn net loss

Anthropic Lost $80.7 Billion. Its Last Quarter Made a Profit.

Anthropic's IPO filing is out. Both of those sentences are true. The gap between them is the whole story of this IPO.

Article/OCT 27, 2026/9 min read

H1 2026 net loss bridge: reported loss of $80.7bn, minus a $72.0bn non-cash fair-value charge, leaves an $8.7bn loss before the charge; 89% non-cash

Ignore the $80.7B Loss. Watch These 6 Numbers.

Anthropic's public filing is due any day. Everyone will quote the same loss. These are the six numbers that will actually tell you whether the fastest-growing company in AI gets to keep its money.

Article/OCT 23, 2026/8 min read