Anthropic’s S-1 shows inference revenue per megawatt nearly quadrupling in a year.
“Inference revenue per megawatt went from sixteen million last year to sixty plus currently, across the entire fleet. AI model businesses scale extremely well.”
“Revenue grew 1,368% year over year for the three months ended June 30, compared to compute and infrastructure expenses that grew 300% during the same period.”
“How much of that is Anthropic being geniuses versus market-wide efficiency? We’re seeing GB be 50x better than Hopper.”
“They have TPU, Trainium, NVIDIA GPU and AMD GPU all online. New hardware is always more performant, but you need the software to use it. Who’s got the best software? Probably the company with the top engineers and the best model.”